Osino Announces Upsizing of Previously Announced Private Placement

Oct 14, 2021

VANCOUVER, British Columbia, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Osino Resources Corp. (TSXV:OSI) (FSE:RSR1) (OTCQB:OSIIF) ("Osino” or “the Company”) is pleased to announce that it has increased the size of the private placement (the "Private Placement") announced in a news release dated October 13, 2021 due to investor demand. Osino now plans to issue up to an additional 4,545,455 units ("Units") on the same terms as the Private Placement. Accordingly, the Private Placement will consist of up to a total of up to 9,454,455 Units at a price of $1.10 per Unit for aggregate gross proceeds of up to $10,500,000.50. 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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