DPM will purchase the entire issued and excellent frequent shares of Osino for a consideration consisting of C$0.775 in money per Osino share and 0.0801 of a DPM frequent share per Osino share.
Upon completion of the transaction, DPM will challenge 13,766,364 shares to Osino shareholders, and present Osino shareholders will personal about 7% of the mixed firm.
DPM intends to advance all remaining engineering actions for Twins Hills to achieve a development choice by the third quarter of 2024.
In parallel, DPM may also be reviewing the development timeline, which is at the moment focusing on first manufacturing within the second half of 2026.
In reference to the transaction, DPM has agreed to buy an mixture of $10 million in frequent shares of Osino, in two equal tranches, at a worth of C$1.13 per share pursuant to a concurrent personal placement to supply Osino with funding for venture actions.
Assuming the closing of each tranches of the personal placement, DPM will personal roughly 7% of the issued and excellent frequent shares of Osino previous to the closing of the transaction.