Otis Gold Arranges Private Placement

Otis Gold Arranges Private Placement

Otis is pleased to announce a non-brokered private placement financing of up to 10,000,000 units at a price of $0.10 per unit, for aggregate gross proceeds of up to $1,000,000. Each unit will consist of one common share and one-half of a common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of $.15 per common share for a period of 30 months from the closing date of the financing. All funds are in Canadian dollars.  Members of the Company’s board of directors and management team may be participating in this offering.

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Agnico Eagle Acquires 14,420,000 Common Shares of Otis Gold Corp.

Agnico Eagle Acquires 14,420,000 Common Shares of Otis Gold Corp.

We are pleased to announce that Agnico Eagle Mines Limited has agreed to acquire by way of private placement 14,420,000 common shares of Otis at a price of $0.35 per Common Share for proceeds of $5,047,000. 

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