Otis Gold Announces Warrant Repricing and Extension
September 28, 2015
Vancouver, B.C – Otis Gold Corp. (“Otis” or the “Company”) has applied to the TSX Venture Exchange to extend the term and amend the exercise price of warrants (“Warrants”) issued pursuant to an April, 2014 unit private placement. Warrants to purchase 5,717,143 common shares will be extended to expire on October 10, 2016, at an amended exercise price of $0.15. The un-amended exercise price was $0.10 and the Warrants would have otherwise expired on October 10, 2015.
The Warrant extension and re-pricing is subject to regulatory approval.
About the Company
Otis is a resource company focused on the acquisition, exploration, and development of precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Gold Project, located in Clark County, Idaho.
ON BEHALF OF THE BOARD
“Craig T. Lindsay”
President and CEO
For additional information, please contact:
Forward Looking Statements
This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Otis Gold Corp. which may cause actual results, performance or achievements of Otis Gold Corp. to be materially different from the results, performance or expectation implied by these forward looking statements.
NEITHER THE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE..