(via TheNewswire)
The Company intends to use the proceeds from the exercise of the Warrants to enable it to continue the Company’s return to production of the
Additionally, the Company expects the previously announced updated NI 43-101 Technical Report from
For further information, please contact:
Vice President
1 917 287-0716
info@otsogold.com
www.otsogold.com
Early Warning Disclosure
The following information is provided pursuant to the early warning requirements of Canada’s National Instrument 62-104 and National Instrument 62-103 with respect to common shares in the capital of the Company (the “Common Shares”).
Prior to exercise of the Warrants, Brunswick Gold had beneficial ownership and control over 284,944,440 Common Shares and 284,944,440 Warrants, representing approximately 46.03% of the issued and outstanding Common Shares on completion on a non-diluted basis, and approximately 63.05% of the issued and outstanding Common Shares on a partially diluted basis, assuming the exercise of all of the Warrants. Upon completion of the exercise of the Warrants, Brunswick Gold acquired beneficial ownership and control over 569,888,880 Common Shares, representing approximately 63.05% of the issued and outstanding Common Shares on a non-diluted basis,
Brunswick Gold first acquired the Common Shares and the Warrants for investment purposes. As described in the management information circular prepared by the Company dated
For further information and to obtain a copy of the updated early warning report filed under applicable Canadian provincial and territorial securities legislation in connection with the Transaction, please go to the Company’s profile on the SEDAR website (www.sedar.com) or contact
Caution
The Company cautions that it has not defined or delineated any proven or probable reserves for the
The Company also cautions that the decision by the Company to proceed to develop the
Forward-looking Statements
This press release contains forward-looking statements regarding the Company based on current expectations and assumptions of management, which involve known and unknown risks and uncertainties associated with our business and the economic environment in which the business operates. All such statements are forward-looking statements under applicable Canadian securities legislation. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution our readers of this press release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's continuous disclosure documents that can be found on SEDAR (www.sedar.com) under the Company’s issuer profile. The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
About the Company
Otso Gold Mine is fully built, fully permitted, has all infrastructure in place, two open pits
and is progressing towards a restart at 2 million tonnes per annum throughput.
Neither the
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Copyright (c) 2021 TheNewswire - All rights reserved., source