trending Market Intelligence /marketintelligence/en/news-insights/trending/myithdzrybbapy71xxawug2 content esgSubNav
In This List

Romulus Resources, Osino complete merger

Blog

Metals & Mining Insights May 2021

Blog

European Energy Insights - May 2021

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


Romulus Resources, Osino complete merger

Romulus Resources Ltd. said June 26 that it completed its reverse takeover with Osino Resources Corp. and expects to resume trading as a tier 2 mining issuer on the TSX Venture Exchange under the OSI ticker on June 28.

The parties struck an amalgamation agreement in May under which Romulus consolidated its shares on a 1-for-10 basis and changed its name to Osino Resources.

Each Osino share was cancelled and exchanged on the basis of 1 share for every 5.4318 Osino shares held, and the company assumed the obligations of all of the outstanding convertible securities of Osino.

The company also appointed a new management team comprising Heye Daun as CEO, Alan Friedman as president and secretary, and Alan Rootenberg as CFO.

Osino is focused on the development of its Namibia-based Karibib property, which includes the Goldkuppe discovery. It also holds a portfolio of other gold exploration assets in the country.