Osino agreed to buy all of the issued and outstanding shares of Namibian company Razorback Gold Mining Company, which owns 100% of the Namibian exclusive prospecting licence 3195, covering 19 969 ha located about 130 km northwest of Osino's Twin Hills project, together with all Ondundu gold project technical information and other books and records in respect thereof. "The consideration payable is partially deferred and upon closing will result in B2Gold becoming a strategic shareholder of Osino. We are very pleased that B2Gold has agreed to the part-equity structure of the transaction and appreciate B2Gold's implicit vote of confidence in Osino's ability to take Ondundu to the next level," Daun comments.