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,

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Revival Gold Revives Past Producing Beartrack Mine

Revival Gold Revives Past Producing Beartrack Mine

Some exciting news on Sept. 7, 2017 for shareholders of Otis Gold and investors of various Idaho based projects with the announcement of Revival Gold (TSX.V: RVG) acquiring the past producing open pit, heap leach Beartrack Mine from a subsidiary of Yamana Gold Inc.  The Beartrack mine was in production from 1994 until 2000 and produced approximately 600,000 ounces of gold with reported recoveries in the region of 87%. Please see the news release here.

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