Osino is promoting a range of prospects and objectives in our 7,000 km2 license position in the potential Damara Sedimentary Mineral Belt of Namibia, primarily near and along the strike of the producing Navachab and Otjikoto gold mines. Osino is targeting gold mineralization that matches the broad orogenic gold model and we continue to explore uncharted territory to add to our Namibian portfolio.
The company is pleased to confirm the promotion and appointment of Tony da Silva as the company’s new Chief Financial Officer. He is a qualified CA (SA) and has 20 years of audit and finance experience. Prior to that, he had been CFO of Osino’s operating subsidiaries since 2017.
After graduating from the University of Natal, he did an internship at Nexia in Cape Town, South Africa, and after graduating as a Chartered Accountant, he remained Head of Auditing. In 2008 Tony joined Blue Alpha Investment Management as an equity analyst and then became a portfolio manager managing both local South African and offshore mutual funds. Tony moved to Osino in 2017 and has since been Chief Financial Officer of Osino’s operating subsidiaries in Namibia. At the same time, he supported the former CFO in taking responsibility for corporate and financial reporting at Osino.
The company would like to thank former CFO Alan Rootenberg for his service and commitment to the company and wishes him all the best in his future endeavors.
In addition, under its stock option plan, the company has granted stock options to purchase a total of 1,510,000 common shares in the company at an exercise price of $ 1.25 per share for a term of five years. The stock options were granted to directors, officers and advisors of the Company under the Osino Stock Option Plan and the policies of the TSX Venture Exchange (the “Exchange”) and vested for a period of two years.
The granting of options and RSUs is subject to the necessary regulatory approvals and requirements of the exchange.
The company also announces that it has won Winning Media Ltd. (“Winning Media”) to provide targeted initiatives to identify digital media and corporate brands. The company has agreed to pay Winning Media $ 80,000 in exchange for providing the marketing program. Winning Media does not receive any securities from the company in compensation for its services.