Otso Gold announced hat the Supreme Court of British Columbia has granted an amended and restated initial order effective Dec 15, 2021 in connection with the insolvency proceedings previously initiated by the Company for protection from creditors under the Companies' Creditors Arrangement Act. Pursuant to the amended and restated initial order [...]
Otso Gold Corp. has been informed by government authorities in Finland that Brian Wesson, formerly the CEO and a Director of Otso and currently the Managing Director of Lionsbridge Capital Pty., has been detained and is under investigation by law enforcement authorities in that country. Mr. Wesson and Lionsbridge until recently were retained by the [...]
Otso Gold announced today it has obtained orders under applicable insolvency legislation from local authorities in Finland and Sweden with respect to its material subsidiaries. In Finland, the Company's operating subsidiary Otso Gold Oy, a Finnish limited liability company, was granted a request by the District Court of Oulu for interim [...]
Otso Gold announced today it has obtained an order from the Supreme Court of British Columbia granting protection from creditors under the Companies' Creditors Arrangement Act to enable the Company to propose a plan of arrangement to its creditors. After careful consideration of all available alternatives following thorough consultation with its [...]
Otso Gold Corp. is pleased to announce the appointment of Alvarez & Marsal Nordic AB to provide Chief Restructuring Officer and other services to the Company and to provide the following corporate update to shareholders. As part of the Company's ongoing efforts to return the Otso Gold Mine to full commercial production, the Company has retained the [...]
Otso Gold Corp. is pleased to announce the completion of a National Instrument 43-101 compliant feasibility study for the Otso Gold Mine. The Feasibility Study, prepared by John T. Boyd Company of Denver, Colorado, has now been filed on SEDAR. The Feasibility Study includes the mine designs and production plan which will underpin the Company's long [...]
Otso Gold Corp. is pleased to announce the restart of production and completion of the first gold pour at the Otso Gold Mine. The restart of production and the gold pour is the culmination of the completion of all the preparatory works and the hiring and training of over 140 full time staff now on site with a further 128 contractors retained to [...]
Further to its press releases dated September 28, 2021 and October 4, 2021, Otso Gold Corp., is pleased to announce the closing of a non-brokered private placement of 105,650,000 units to Brunswick Gold Ltd at a price of $0.06 per Unit for aggregate proceeds of US$5,000,000. Each Unit consists of one common share and one common share purchase [...]
Otso Gold Corp. is pleased to announce the receipt of all necessary approvals for the restart of operations and the pouring of gold at the Otso Gold Mine from the regulatory authorities in Finland. The Mine's approval clears the way for the Company to continue its ramp up to production. The approvals were received from each of the Centre for [...]
Further to its press release dated September 28, 2021, Otso Gold Corp., is pleased to announce a non-brokered private placement of up to 105,650,000 units to Brunswick Gold Ltd at a price of $0.06 per Unit for aggregate proceeds of up to US$5,000,000 . Each Unit will consist of one common share and one common share purchase warrant . Each Warrant [...]
Otso Gold Corp. , is pleased to release the following shareholder update. Dear Shareholders, The Company is pleased to announce that the Company restarted the process plant and began ramping-up production at the Otso Gold Mine on September 20, 2021. Accordingly, it is expected that the first gold pour will occur in October 2021. The move back [...]
Otso Gold Corp. is pleased to announce a National Instrument 43-101 Mineral Resource Update for the Otso Gold Mine. The NI 43-101 Technical Report prepared by John T Boyd Company will be filed on SEDAR within 45 days of this release. The updated technical report is the first deliverable from Boyd and will be followed by an NI 43-101 Feasibility [...]
