Osino Announces Strategic $5.5 Million Private Placement From Key Shareholders

Oct 13, 2021

VANCOUVER, British Columbia, Oct. 13, 2021 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQB:OSIIF) ("Osino” or “the Company”) is pleased to announce that it has arranged a non-brokered private placement offering led by current shareholder Pat DiCapo and the PowerOne Capital Group (the "Private Placement") and including Ross Beaty and management to raise gross proceeds of up to $5,500,000 through the sale of up to 5,000,000 units ("Units") of the Company at a price of $1.10 per Unit. Each Unit will consist of one common share (a "Share") and one-half of one common share purchase warrant, and each such whole warrant will entitle the holder to purchase one additional Share for a period of 22 months from closing of the Private Placement (the "Closing") at a price of $1.35 per Share.

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