Bullboard - Stock Discussion Forum Otso Gold Corp. V.OTSO

Metals & Mining Gold

Otso Gold Corp is a gold mining company. The company's only segment being acquisition and exploration of gold resource properties. Geographically, it has a presence in the Americas and Europe.

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Otso Gold Corp. > Agreement With Strategic Investor

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Post by Aurum91 on Dec 14, 2020 8:42am

Agreement With Strategic Investor

https://otsogold.com/?miningnews=otso-enters-into-subscription-agreement-with-strategic-investor-to-raise-us11-million-and-begins-to-move-to-production

Toronto, ON. – Otso Gold Corp. (“Otso” or the “Company”), (TSX.V:OTSO) is pleased to announce that it has executed a subscription agreement (the “Agreement”) with Brunswick Gold Ltd (the “Investor” or “Brunswick Gold”) for a strategic investment of US$11 million into the Company. Brunswick Gold is a limited liability company incorporated under the laws of the Republic of Cyprus, acting at arm’s length to Otso, pursuant to which the Investor has agreed to purchase 284,944,440 units (each, a “Unit”), at an issuance price equal to $0.05 per Unit, for aggregate gross proceeds of US$11million (the “Financing”).