Osino awaits Namibian competition approval to proceed with takeover by Chinese miner

Communications between Canadian miner Osino and the Namibian Competition Commission (NCC) continue to progress positively as the NCC considers the application of the previously announced statutory plan of arrangement pursuant to which precious metals miner Shanjin International Gold will take over Osino at C$1.90 a share.

After receiving the third of three Chinese regulatory approvals on May 28, the NCC’s competition law clearance remains the only outstanding approval to conclude the arrangement between the companies.