Deloitte document‘28. Because there was no feasibility study in place by October 2021, Otso gold struggled to secure debt financing from banks. Otso Gold entered into negotiations with Swiss branch of Sberbank and another Russian bank, VTB; however, the discussions were hindered in part by Lionsbridge’s repeated failure or refusal to attend conference calls with Sberbank and CSA representatives and financing could not be obtained prior to the due date of Pandion’s loans.’
*I’ve taken this from the document:
VLC-S2110503 Petition.pdf (deloitte.ca)