Osino Announces Strategic Namibian Financing
The bookbuild consisted of Namibian investors increasing Namibian ownership, to comply with the mining permit conditions.
- The bookbuild consisted of Namibian investors increasing Namibian ownership, to comply with the mining permit conditions.
- Cirrus Capital conducted the bookbuild and acts as Namibian financial advisor to the Company and was engaged to act in connection with the Offering.
- This financing is a purposeful and strategic capital raise that will increase Osino’s Namibian shareholder base as required as a condition to Osino’s granted Mining License.
- This bookbuild was aimed primarily at formerly disadvantaged Namibian individual shareholders, and we continue to engage with Namibian pension funds with the aim of completing a follow-on financing to achieve a Namibian ownership threshold well above the required 5% under our issued mining license.