Otis Announces Grant Of Stock Options
November 11, 2011
VANCOUVER, BC – Vancouver, B.C. - Otis Gold Corp. (the "Company") advises that up to 800,000 stock options having an exercise price of $0.30 per common share have been granted to various directors, officers and consultants of the Company. The options have been granted in accordance with the terms of the Company's 10% rolling Stock Option Plan approved on December 10, 2010 and the Policies of the TSX Venture Exchange.
About The Company
Otis Gold Corp. is a Canadian-based mineral exploration company focused on the acquisition, exploration, and development of quality precious metal deposits in Idaho, USA. Otis is currently developing its flagship property, the Kilgore Gold Project, located in Clark County, Idaho (approx. 60 miles north of Idaho Falls).
ON BEHALF OF THE BOARD
“Craig T. Lindsay”
President & CEO
For additional information, please contact:
Tel: (604) 683-2507
Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any State securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable State securities laws, or an exemption from such registration is available.