Otso Gold Corp. announced a non-brokered private placement of up to 105,650,000 units at issue price of CAD 0.06 per unit for gross proceeds of CAD 6,339,000 on October 4, 2021. The transaction will include participation from returning investor, Brunswick Gold Ltd. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of CAD 0.08 per share for a period of five years from the date of closing of the transaction. All the securities issued in the transaction are subject to a hold period of four months and one day from the date of issuance. Closing of the transaction is subject to a number of conditions including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange.