Otish Energy Inc. (TSXV:OEI) signs letters of intent with Mr. Kennard Gobin of East Coast Demerara, Guyana, SA to acquire all of the hard rock mining rights.

The press release is quoted as saying:

The consideration payable by the Company for the purchase of the Rights will be US$10,000 payable in cash and 600,000 common shares in the capital stock of the Company which shares will subject to the usual 4 month restricted period required by the TSX Venture Exchange and applicable securities legislation.

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