Otso Gold provided an update regarding ongoing insolvency proceedings and protection from creditors under the “Companies’ Creditors Arrangement Act” (CCAA). Trading of the company’s shares is currently on hold until a review of the company’s suitability to list on either the TSXV or the NEX exchange is completed. In addition, the company advised it understands that former CEO Brian Wesson is currently being investigated “under criminal suspicion of aggravated means of payment fraud”.
