The Conversation (0)
Otis Gold (TSXV:OOO) announced a non-brokered private placement for gross proceeds of up to $1 million. Proceeds from the placement will be used to advance Otis’s Kilgore gold project and for general working capital purposes.
As quoted in the press release:
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. No Finders Fees or other commissions will be paid in connection with this financing. All securities issued will be subject to a hold period of four months from closing. The proposed financing is subject to the approval of the TSX Venture Exchange.