CAUTION: We have been advised that fraudulent emails with a modified domain name have been sent by a source purporting to be from Aird & Berlis LLP. These communications are not legitimate and are not from Aird & Berlis LLP. Disregard any such emails and do not engage with the sender or the email in any way. Please report the attempted fraud by contacting the Canadian Anti-Fraud Centre and by emailing Aird & Berlis LLP at help@airdberlis.com.

Back to all Representative Matters
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).

Related Representative Matters

Representative Matters
Harborside Inc. Completes $35 Million Private Placement Sherri M. Altshuler, Adria Leung Lim, Amy Marcen-Gaudaur, Meredith McCann and David Mba Feb 18, 2021 Harborside Inc., a California-focused, vertically-integrated cannabis enterprise, recently comple... Harborside Inc., a California-focused, vertically-integrated cannabis enterprise, recently completed a brokered private placement offering of units for aggregate gross proceeds of approximately $35 million.
Representative Matters
Allied Properties REIT Completes $600 Million Green Bond Offering Margaret T. Nelligan, Sherri M. Altshuler, Melanie Cole, Liam Tracey-Raymont, Amy Marcen-Gaudaur, Russell J. Sanders, Meredith McCann, David Mba , Michael D. Smith, Neill Kalvin and Barbara Worndl Feb 12, 2021 Allied Properties Real Estate Investment Trust recently completed a $600 million debt offering of... Allied Properties Real Estate Investment Trust recently completed a $600 million debt offering of 1.726% series H senior unsecured debentures.
Representative Matters
Cybin Completes $34 Million Bought Deal Offering Sherri M. Altshuler, Melanie Cole, Danny Kharazmi, Russell J. Sanders, Sean Green, Meredith McCann and Barbara Worndl Feb 04, 2021 Aird & Berlis acted for Cybin Inc., a biotechnology company focused on progressing psychedelic th... Aird & Berlis acted for Cybin Inc., a biotechnology company focused on progressing psychedelic therapeutics, in a bought deal short form prospectus offering.