Osino Resources Corp (OTCMKTS:OSIIF) Stock Continues To Gain Momentum

Companies which were in the news this past Friday are likely to be on the radars of many investors this morning and one of those companies could well be Osino Resources Corp (OTCMKTS:OSIIF).

Trading Data

On Friday, OSIIF stock jumped 1.38% to $0.7046 with more than 25.52K shares, compared to its average volume of 23.63K shares. The stock moved within a range of $0.6701 – 0.7046 after opening trade at $0.6906.

Osino Receives Multiple Project Finance Offers For the Development of the Twin Hills Gold Project, Namibia

The company was in the news last Friday after it announced it had received as many as eight project finance offers from creditable institutions with regards to the financing of the construction of its 100% owned Twin Hills Gold Project. It was a significant new announcement from the company and one that may be of interest to investors as well. The company also noted that the fact that it received the indicative term sheets was a major milestone in financing process as a whole.

Additionally, the term sheets also indicate that Namibia could be regarded as a leading jurisdiction and the fact that the project in question is a feasible one. HeyeDaun, who is the President, Chief Executive Officer and co-founder of the company, spoke about the development as well.

He noted that he was pleased with the sort of competitiveness and the quality of the offers which had been indicated in the term sheets. As many as 8 credible institutions had made offers to Osino Resources Corp.