Otis Announces $2,200,000 Private Placement

Otis Gold Corp. (TSX:OOO) reports a non-brokered private placement of up to 4,000,000 units at a price of $0.55 per unit. The aggregate gross proceeds of private placement is up to CDN$2,200,000.

The press release is quoted as saying:

Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho. The Company is currently developing its flagship property, the Kilgore Gold Project, Clark County, Idaho and has several other gold, silver and base metal projects located in Idaho.

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