Yintai Gold, a company specializing in exploration, mining, dressing and sales of nonferrous and rare metals, and investment in mineral resources, agreed to acquire a stake in Osino Resources, a Canada-based gold exploration and development company, for CAD368m. “Whilst we were appreciative of the previous offer from DPM, the all-cash offer from Yintai represents a significant premium to the DPM offer price, thus is clearly a superior proposal, and is an excellent outcome for Osino’s shareholders. Yintai is experienced, well-financed, and has a highly credible track record of gold mining in China, with the technical skills and financial resources to progress the project through construction and into production. We look forward to working with Yintai to continue to fast-track the development of the project and close this transaction," Heye Daun, Osino Resources President and CEO.