share_log

Osino Resources Announces Receipt of Superior Acquisition Proposal

Osino Resources Announces Receipt of Superior Acquisition Proposal

Osino Resources宣佈收到高級收購提案
GlobeNewswire ·  02/20 05:40

VANCOUVER, British Columbia, Feb. 19, 2024 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) (OTCQX:OSIIF) ("Osino" or the "Company") announces that it has received a proposal from a foreign-based mining company for the acquisition of all of the issued and outstanding common shares of the Company (the "Common Shares") and all of the issued and outstanding securities convertible into Common Shares for cash consideration of C$1.90 for each Common Share by way of a plan of arrangement (the "New Offer").

不列顛哥倫比亞省溫哥華,2024年2月19日(環球通訊社)——奧西諾資源公司(多倫多證券交易所股票代碼:OSI.V)(NSX: OSN)(FSE: RSR1)(OTCQX: OSIIF)(“奧西諾” 或 “公司”)宣佈,它已收到一家外國礦業公司的提議,要求收購該公司所有已發行和流通普通股(“普通股”)以及通過安排計劃(“新要約”),所有可轉換爲普通股的已發行和流通證券,現金對價爲每股普通股1.90加元。

The Board of Directors of the Company (the "Board") has unanimously determined, after consultation with its financial and legal advisors, and based upon the unanimous recommendation of the special committee of the Board, that the New Offer constitutes a "Superior Proposal" in accordance with the terms of the arrangement agreement between the Company and Dundee Precious Metals Inc. ("DPM") dated December 17, 2023, (the "DPM Arrangement Agreement").

公司董事會(“董事會”)在與其財務和法律顧問協商後,根據董事會特別委員會的一致建議,一致決定,根據公司與鄧迪貴金屬公司(“DPM”)於2023年12月17日達成的安排協議(“DPM安排協議”)的條款,新要約構成 “高級提案”。

Superior Proposal Key Terms

高級提案關鍵條款

Pursuant to the terms of the New Offer, the Company's shareholders would receive cash consideration of C$1.90 for each Common Share, valuing Osino at approximately C$368 million. The New Offer contemplates that the offeror (the "Offeror") will provide the Company with a loan comprising of (i) US$10 million facility concurrently with the execution of the arrangement agreement to enable the continued, fast-tracked development of the Twin Hills gold project and to fund other liquidity needs of the Company and (ii) an advance in an amount equal to the termination fee payable by the Company in the event of a termination of the DPM Arrangement Agreement as a result of the New Offer (the "New Facility"). The New Facility will be convertible into Common Shares at C$1.39 per Common Share (i) at the Offeror's option at any time; and (ii) in the event the reverse termination fee is payable by the Offeror.

根據新要約的條款,公司股東將獲得每股普通股1.90加元的現金對價,使Osino估值約爲3.68億加元。新要約設想,要約人(“要約人”)將向公司提供一筆貸款,包括(i)在執行安排協議的同時提供1,000萬美元的貸款,以使雙山黃金項目的持續快速開發併爲公司的其他流動性需求提供資金;(ii)在DPM安排協議終止時公司應支付的終止費的預付款新優惠(“新設施”)的結果。新融資將以每股普通股1.39加元的價格轉換爲普通股(i)由要約人隨時選擇;(ii)如果要約人支付反向終止費。

Based on the closing price of the DPM common shares on the Toronto Stock Exchange as of February 16, 2024, the Superior Proposal represents a premium of approximately 32% to the implied value of the consideration offered pursuant to the DPM Arrangement Agreement and approximately 68% premium to the unaffected share price one trading day prior to announcement of the DPM Arrangement Agreement.

根據截至2024年2月16日多倫多證券交易所DPM普通股的收盤價,高級提案比根據DPM安排協議提供的對價隱含價值高出約32%,比DPM安排協議公佈前一個交易日未受影響的股價高出約68%。

Except for the consideration being offered and certain buyer-specific regulatory closing conditions, the arrangement agreement that would be entered into with the Offeror is substantially the same as the DPM Arrangement Agreement. Commensurate with the increase in consideration, the proposed arrangement agreement with the Offeror provides for an increase in the termination fee to US$9.55 million, which is payable in certain circumstances by the Company to the Offeror and the repayment of amounts owing under the New Facility. The proposed arrangement agreement with the Offeror also includes a reverse termination fee in the amount of US$9.55 million which is payable by the Offeror to the Company in certain specified circumstances.

除了要約的對價和某些買方特定的監管成交條件外,與要約人簽訂的安排協議與DPM安排協議基本相同。與要約人的擬議安排協議相稱,與要約人的擬議安排協議規定將終止費提高至955萬美元,在某些情況下,這筆費用應由公司支付給要約人,並償還新融資機制下的欠款。與要約人的擬議安排協議還包括金額爲955萬美元的反向終止費,在某些特定情況下,要約人應向公司支付該費用。

DPM Response

DPM 響應

In accordance with the DPM Arrangement Agreement, the Company notified DPM today that, among other matters, it considers the New Offer to be a Superior Proposal under the DPM Arrangement Agreement and that the five business day matching period commenced, during which DPM has the right, but not the obligation, to propose to amend the terms of the DPM Arrangement Agreement in order for the New Offer to cease to be a Superior Proposal.

根據DPM安排協議,該公司今天通知DPM,除其他事項外,該公司認爲新要約是DPM安排協議下的高級提案,五個工作日的匹配期已開始,在此期間,DPM有權但沒有義務提議修改DPM安排協議的條款,以使新要約不再是高級提案。

Following delivery of the notice, the Company received notice from DPM advising that DPM will not propose to amend the terms of the DPM Arrangement Agreement in light of the Superior Proposal.

通知發出後,公司收到了DPM的通知,告知DPM不會提議根據上級提案修改DPM安排協議的條款。

The Offeror and the Company have confirmed their readiness and intention to execute the proposed arrangement agreement promptly following a termination of the DPM Arrangement Agreement. The Company is in the process of settling logistical matters including payment of the termination fee to DPM in anticipation of the termination of the DPM Arrangement Agreement in accordance with its terms. Further details regarding the DPM Arrangement Agreement and the Superior Proposal will be provided once available in due course.

要約人和公司已確認準備並打算在DPM安排協議終止後立即執行擬議的安排協議。該公司正在解決後勤問題,包括向DPM支付解僱費,因爲預計DPM安排協議將根據其條款終止。有關DPM安排協議和高級提案的更多詳細信息將在適當時候提供。

Upcoming Special Meeting of Securityholders

即將舉行的證券持有人特別會議

In the event the DPM Arrangement Agreement is terminated, the Company will provide notice to securityholders of the cancellation of the special meeting of securityholders (currently scheduled for March 1, 2024). In the event the proposed arrangement agreement is executed, the Company will provide a new date and time on which a special meeting is expected to be held in connection with the Superior Proposal, including information as to the timing of the delivery of new meeting materials to securityholders in connection therewith and the filing of the new meeting materials on SEDAR+.

如果DPM安排協議終止,公司將通知證券持有人特別會議(目前定於2024年3月1日舉行)取消。如果擬議的安排協議得以執行,公司將提供預計舉行與高級提案有關的特別會議的新日期和時間,包括有關向證券持有人交付與之有關的新會議材料的時間以及在SEDAR+上提交新會議材料的時間的信息。

This news release does not constitute a change of recommendation regarding the offer by DPM under the DPM Arrangement Agreement.

本新聞稿不構成對DPM根據DPM安排協議提出的提議的建議的更改。

Advisors and Counsel

顧問和法律顧問

BMO Capital Markets and Treadstone Resource Partners are acting as financial advisors to Osino and its Board of Directors and Eight Capital is acting as financial advisor to the special committee of the Board. Stikeman Elliott LLP is acting as Osino's legal advisor.

BMO Capital Markets和Treadstone Resource Partners擔任奧西諾及其董事會的財務顧問,Eight Capital擔任董事會特別委員會的財務顧問。斯蒂克曼·埃利奧特律師事務所擔任奧西諾的法律顧問。

About Osino Resources Corp.

關於奧西諾資源公司

Osino is a Canadian gold exploration and development company focused on the fast-tracked development of our wholly owned, Twin Hills Gold Project in central Namibia. Since its grassroots discovery by Osino in August 2019 the Company has completed more than 250,000m of drilling and has completed a suite of specialist technical studies culminating in the recently published Twin Hills Definitive Feasibility Study ("DFS") dated effective June 12, 2023. The DFS describes a technically simple and economically robust open-pit gold operation with a 13-year mine life and average annual gold production of over 169,000oz per annum.

Osino是一家加拿大黃金勘探和開發公司,專注於快速開發我們在納米比亞中部的全資雙山金礦項目。自2019年8月奧西諾在基層發現以來,該公司已經完成了超過25萬米的鑽探,並完成了一系列專業技術研究,最終形成了最近發佈的雙山最終可行性研究(“DFS”),該研究將於2023年6月12日生效。DFS描述了一種技術簡單且經濟穩健的露天黃金業務,其礦山壽命爲13年,年平均黃金產量超過16.9萬盎司。

Osino has a commanding ground position of over 8,000km2 located within Namibia's prospective Damara sedimentary mineral belt, mostly in proximity to and along strike of the producing Navachab and Otjikoto Gold Mines. The Company is actively exploring a range of gold prospects and targets along the belt by utilizing a portfolio approach geared towards discovery, targeting gold mineralization that fits the broad orogenic gold model.

奧西諾的地面控制位置超過 8,000 千米2 位於納米比亞潛在的達馬拉沉積礦物帶內,主要位於正在生產的納瓦查布和奧吉科託金礦附近和沿線。該公司正在利用以發現爲目標的投資組合方法,以適合廣泛造山金模型的金礦化爲目標,積極探索沿海地區的一系列金礦前景和目標。

Our projects are favourably located in central and northern Namibia and are within easy reach from Namibia's capital city, Windhoek. By virtue of its location, the Twin Hills project benefits significantly from Namibia's well-established infrastructure with paved highways, railway, power and water in close proximity. Namibia is mining-friendly and lauded as one of the continent's most politically and socially stable jurisdictions.

我們的項目地理位置優越,位於納米比亞中部和北部,從納米比亞的首都溫得和克很容易到達。由於其地理位置,Twin Hills項目極大地受益於納米比亞完善的基礎設施,附近有鋪好的高速公路、鐵路、電力和水利。納米比亞對採礦很友好,被譽爲非洲大陸政治和社會最穩定的司法管轄區之一。

Qualified Person's Statement

合格人士聲明

David Underwood, BSc. (Hons) is Vice President Exploration of the Company and has reviewed and approved the scientific and technical information in this news release and is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr. Sci. Nat. No.400323/11) and a Qualified Person for the purposes of NI 43-101 – Standards of Disclosure for Mineral Projects.

大衛安德伍德,理學學士(Hons)是公司勘探副總裁,已審查並批准了本新聞稿中的科學和技術信息,並且是南非自然科學專業理事會(Pr.Sci。納特。編號400323/11)以及符合NI 43-101——礦業項目披露標準的合格人員。

Further details are available on the Company's website at and under the Company's profile on SEDAR+ at .

更多詳情可在公司網站上查閱,網址爲SEDAR+上的公司簡介下方,網址爲。

On Behalf of the Board of Directors
Heye Daun, President and CEO

代表董事會
Heye Daun,總裁兼首席執行官

Contact Information
Osino Resources Corp.
Yaron Conforti
+1-604-687-2038
yconforti@osinoresources.com

聯繫信息
奧西諾資源公司
Yaron Conforti
+1-604-687-2038
yconforti@osinoresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

Forward-Looking Information

前瞻性信息

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements and information with respect to the New Offer and the consummation of the transactions contemplated thereby; the execution of a definitive agreement with the Offeror in connection with the New Offer; the termination of the DPM Arrangement Agreement; and the timing of the special meeting of securityholders. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis which is available on the Company's profile on SEDAR+ at . The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

本新聞稿包含適用的加拿大證券立法所指的 “前瞻性信息”。前瞻性信息包括但不限於 與新要約及其所設想交易的完成有關的聲明和信息;與要約人簽訂的與新要約有關的最終協議;終止DPM安排協議;以及證券持有人特別會議的時間安排。通常,前瞻性信息可以通過使用前瞻性術語來識別,例如 “計劃”、“預期”、“預期”、“預算”、“預期”、“估計”、“打算”、“預期” 或 “不預見” 或 “不相信”,或者 “相信”,或此類詞語和短語的變體,或聲明某些行動、事件或結果 “可能”、“可能”、“將”、“可能” 或 “將被採取”、“發生” 或 “實現”。前瞻性陳述必然基於許多假設,儘管管理層認爲這些假設是合理的,但本質上會受到業務、市場和經濟風險、不確定性和突發事件的影響,這些風險可能導致實際業績、業績或成就與前瞻性陳述所表達或暗示的結果存在重大差異。儘管公司試圖確定可能導致實際業績與前瞻性信息中包含的業績存在重大差異的重要因素,但可能還有其他因素導致業績不如預期、估計或預期。無法保證此類信息會被證明是準確的,因爲實際結果和未來事件可能與此類陳述中的預期存在重大差異。因此,讀者不應過分依賴前瞻性信息。公司最新年度管理層討論和分析中的風險因素中描述了其他可能對此類前瞻性信息產生重大影響的因素,該討論和分析可在SEDAR+的公司簡介中查閱,網址爲。除非根據適用的證券法,否則公司不承諾更新任何前瞻性信息。


譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
    搶先評論