RE:Osmose Ltd....L& L,
That was the same and only info I found on Osmose Ltd. a year ago when I completed dd. Don't let that fool you, or under estimate Osmose Ltd.
It was MMG Capital from Germany who referred Osmose Ltd. to TD, as per our LOI Original News Release. "Tim Daniels, President of Erin stated, “We are very pleased with the arrangement we have negotiated with Osmose. Importantly, the amount of capital committed by Osmose is anticipated to be sufficient to fulfil the equity component of the project development funding needs, through to completion of the project”.
Tim Daniels continued to add, “Besides capital, Osmose brings certain business skill sets to the partnership which will be very useful to the development of Piskanja.
For example, they have extensive business contacts in Europe and will assist Erin with potential boron off-takers there. As well, they have offered their expertise in sourcing, negotiating and vetting debt financing for the Piskanja Project.
Additionally, they have an existing presence, contacts and influence within Serbia which will be most helpful”. MMG Capital Ltd acted as the sole advisor to Erin on this transaction".
You recall it was analyst Nick Hatch from MMG Capital who completed a thorough and comprehensive report on our revised PEA in June 2023.
Nick Hatch is a Senior Advisor, Mining Geologist, Mining Equity Research & Investor Relations with over 35 years of experience in mining equity.
IMO, this is a very reputable Company in today's MIning Industry.
(bb-99)