Otis Announces $500,000 Private Placement

VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 30, 2016) –Otis Gold Corp. (TSXV:OOO) is pleased to announce 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. Certain current shareholders may be participating in this financing, and finders fees may be paid on a portion of the funds raised. 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.
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