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OTSO ... update... 5yr/ Last: $0.045 /. website:  https://www.otsogold.com/


The financing is expected to close shortly as the company is now only awaiting the ordinary course TSX Venture Exchange clearance of various personal information forms (PIFs) in connection with Brunswick Gold becoming a new control person.

As a correction to the company's press release dated Dec. 22, 2020, the aggregate 284,944,440 units (for gross proceeds of $11-million (U.S.)), with each unit consisting of one common share and one common share purchase warrant, to be issued to Brunswick Gold will include 25,904,040 units to settle the $1-million (U.S.) principal of an unsecured loan currently owed to an affiliate of Brunswick Gold; such loan to be assigned to Brunswick Gold at or immediately prior to completion of the financing.

About the company

Otso Gold wholly owns the Otso gold mine near the town of Raahe in Finland. The Otso gold mine is developed, fully permitted, has all infrastructure in place, two open pits and is progressing toward production in 2021 to process ore at name plate capacity of two million tonnes per annum

> . https://www.stockwatch.com/News/Item?bid=Z-C:OTSO-3019702&symbol=OTSO&region=C

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