Otis Announces $500,000 Private Placement

Otis Gold Corp. (TSXV:OOO) announced a straight equity non-brokered private placement of up to 2,941,176 common shares at a price of $0.17 per share, for aggregate gross proceeds of up to $500,000.  All funds are in Canadian dollars.  The proceeds from this private placement will be used for the continued advancement of the Kilgore Gold Project and for general working capital purposes.
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