VANCOUVER, British Columbia, June 28, 2018 (GLOBE NEWSWIRE) -- Ross J. Beaty, of 1550 – 625 Howe Street, Vancouver, British Columbia, V6C 2T6, today announced pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues that on June 26, 2018 he indirectly acquired ownership of 11,240,390 common shares (the “Osino Shares”) of Osino Resources Corp. (formerly Romulus Resources Ltd.) (“Osino”) by way of a reverse takeover transaction, for no additional consideration. As a result of this transaction, Mr. Beaty owns, directly or indirectly, a total of 11,240,390 Osino Shares representing approximately 19.97% of the total number of the issued and outstanding common shares of Osino. At a deemed price of $0.38 per Osino Share, this represents an aggregate deemed value of $4,271,348.20. Prior to the reverse takeover transaction, Mr. Beaty did not own, directly or indirectly, any securities of Osino.
The Osino Shares are owned by Kestrel Holdings Ltd., a corporation controlled by Mr. Beaty.
Mr. Beaty’s acquisition was made for investment purposes. In accordance with applicable securities laws, Mr. Beaty may, from time to time and at any time, acquire additional shares and/or other equity, debt or other securities or instruments (collectively, “Securities”) of Osino in the open market or otherwise, and reserves the right to dispose of any or all of its Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of Osino and other relevant factors.
Mr. Beaty is not currently a party to any agreement in respect of the acquisition, holding, disposition or voting of any securities of Osino.
Other than Kestrel Holdings Ltd., Mr. Beaty does not own or control any securities of Osino with, nor is Mr. Beaty a joint actor with, another entity.
For more information, or to obtain a copy of the subject early warning report, please contact:
Ross J. Beaty
1550 – 625 Howe Street
Vancouver, British Columbia V6C 2T6
Telephone: (604) 806-3173
Facsimile: (604) 684-0147