Otso Gold Corp. (TSXV:OTSO) announced that it has entered into a subscription agreement with new investor Brunswick Gold Ltd. for private placement of 259,040,400 units at a price of CAD 0.05 per unit for gross proceeds of CAD 12,952,020 on December 14, 2020. Each unit consists of one common share and one share purchase warrant exercisable at CAD 0.05 per share for 5 years of issuance. The investor will have right to appoint 4 persons to the company's board of directors. The transaction is subject to approval of shareholders in its annual and special meeting to be held in late January 2021. All securities issued will be subject hold period of four months and one day from the date of issuance.