Pilar Gold is making a acquisition of the Laiva gold mine
https://goldinvest.de/weitere-meldungen/goldinvest-english-news/pilar-gold-inc-english/pilar-gold-doubles-its-production-capacity-by-expanding-into-finland
Under the terms of the purchase agreement, Pilar Gold will acquire all of the shares of Otso Gold Oy for US$1.5 million in cash, a 2.5% royalty on future production from Laiva, 30 million common shares of Pilar Gold at a deemed price of C$1.00 per share and 10 million warrants of Pilar Gold at C$1.50. Concurrent with the transaction, a major global institutional investor has agreed to invest approximately C$3.1 million in the form of an equity investment in Pilar Gold at the price of C$1.00.
Pilar Gold is acquiring Otso Gold OY from its Swedish parent company Otso Gold AB following a court-ordered restructuring carried out by the Finnish administrator Castren and Snellman. Once the Finnish court approves the restructuring, which is expected to be in early November, Otso Gold will have a clean balance sheet.