Otis Raises $1.3 Million Through Sale of Non-Core Asset

Otis Raises $1.3 Million Through Sale of Non-Core Asset

Otis is pleased to announce that it has raised a total of approximately $1,320,000 through the sale of 2,000,000 common shares of Revival Gold Inc. (“Revival”). A total of 1,771,000 shares were sold in a private transaction and the remainder were sold through the TSX-Venture Exchange. The sale of these shares provides non-dilutive capital to fund the ongoing development of both the Kilgore and Oakley Projects and for general working capital purposes. The Company’s remaining shareholding in Revival, totaling approximately 750,000 shares, will be held for investment purposes. The shares in Revival were received in June 2017 as partial compensation for the sale of two non-core claim blocks known as the Hai and Gold Bug Projects,

Read More