Otis Gold Closes Private Placement

Otis Gold Corp. ("Otis" or "the Company") (TSX VENTURE:OOO)(OTCQX:OGLDF) wishes
to announce that it has closed the non-brokered private placement previously
announced on April 7, 2014, and has issued 5,717,143 units ("Units") at a price
of $0.07 per Unit, for gross proceeds of $400,200. Each Unit consists of one
common share (a "Share") and one non-transferable common share purchase warrant
(a "Warrant"). Each Warrant may be exercised by the holder to purchase an
additional common share of the Company, at a price of $0.10 for a period of 18
months from closing. All funds are in Canadian dollars. The net proceeds from
this private placement will be used for the continued advancement of the Kilgore
Gold Project and for general working capital purposes.


Finder's fees of $12,250 have been paid in cash, and 245,000 Finders Units,
which comprise of 245,000 Shares issued at $0.07 and 245,000 Warrants
exercisable at $0.10 for a period of 18 months from closing have been issued, to
qualified parties. All securities issued have a hold period expiring August 12,
2014. 


About the Company

Otis is a resource company focused on the acquisition, exploration, and
development of precious metal deposits in Idaho, USA. Otis is currently
developing its flagship property, the Kilgore Gold Project, located in Clark
County, Idaho.


ON BEHALF OF THE BOARD

Craig T. Lindsay, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in
the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.


This News Release does not constitute an offer to sell or a solicitation of an
offer to sell any securities in the United States. The securities have not been
and will not be registered under the United States Securities Act of 1933, as
amended (the "US Securities Act") or any State securities laws, and may not be
offered or sold within the United States or to US Persons unless registered
under the US Securities Act and applicable State securities laws, or an
exemption from such registration is available.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Otis Gold Corp.
Craig Lindsay
(604) 683-2507
(604) 608-9002 (FAX)
craig@otisgold.com

Otis Gold (TSXV:OOO)
過去株価チャート
から 10 2024 まで 11 2024