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Feb 22, 2021

Otso Gold Corp. Completes US$11 Million Strategic Investment

Thomas A. Fenton, Russell J. Sanders and Al Turnbull

Otso Gold Corp. (TSXV:OTSO) (“Otso”), the owner of the Otso Gold Mine in Raahe, Finland, recently completed a US$11 million private placement offering of 284,944,440 units (“Units”) to a strategic investor at an issuance price equal to $0.05 per unit. Each Unit consisted of one common share in the capital of Otso and one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the investor to purchase one common share at an exercise price of $0.05 per Warrant for a period of five years from the date of issuance. The net proceeds from the offering will be used by Otso to return the Otso Gold Mine to production.

Aird & Berlis LLP represented Otso with a team composed of Thomas Fenton, Russell Sanders (Capital Markets) and Al Turnbull (Articling Student).

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