Business News: New Chief Financial Officer appointed by Osino Resources.
Osino is advancing a number of perspectives and goals through our 7,000 km2 licensing location located within Namibia’s potential Damara sedimentary mineral belt, primarily near and along the Navachab and Otjikoto gold mine strike. Osino is aiming for gold mineralization that fits the broad orogenic gold model and we continue to evaluate new terrains with the aim of expanding 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, having previously held the position of CFO of the operating branches of Osino since 2017.
After completing the degree from at the University of Natal, he completed his internship at Nexia in Cape Town, South Africa, and remained as Head of Audit after graduating as a Chartered Accountant. In 2008, Tony joined Blue Alpha Investment Management as an equity analyst and then became a portfolio manager managing local South African and offshore investment funds. In 2017, Tony joined Osino and has since served as Chief Financial Officer of Osino’s operating branches in Namibia, while assisting the former CFO with Osino’s corporate and financial reporting responsibilities.
The Company wishes to thank the Company’s former Chief Financial Officer, Alan Rootenberg, for his service and dedication to the Company and wishes him well in his future endeavors.
In addition, the Company has granted stock options under its Stock Option Plan to purchase a total of 1,510,000 common shares of the Company at an exercise price of $ 1.25 per share for a period of five years. . The stock options have been assigned to directors, officers and consultants of the Company pursuant to the Osino Stock Option Plan and the policies of the TSX Venture Exchange (the “Stock Exchange”) and mature in two years.
The granting of options and RSUs is subject to all necessary regulatory approvals and requirements of the Exchange.
The Company also announces that it has engaged Winning Media Ltd. (“Winning Media”) to provide targeted digital media and corporate brand recognition initiatives. The Company has agreed to pay Winning Media US $ 80,000 in consideration for the provision of the marketing program. Winning Media will not receive any Company title in compensation for its services.