Otis Gold Grants Stock Options
08 March 2014 - 8:37AM
Marketwired Canada
Otis Gold Corp. (TSX VENTURE:OOO)(OTCQX:OGLDF) ("Otis" or the "Company") has
issued stock options to purchase up to 1,955,000 common shares of the Company to
its directors, officers and consultants at an exercise price of $0.07 per share
for a period of five years, expiring on March 6, 2019. Otis continues to work to
keep the interests of the shareholders, Board and management aligned by granting
such options.
About the Company
Otis is a growth-oriented 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
Forward-Looking Statements
This release and related documents may include "forward-looking statements"
including, but not limited to, statements related to the interpretation of
drilling results and potential mineralization, future exploration work at the
Kilgore Project and the expected results of this work. Forward-looking
statements are statements that are not historical fact and are subject to a
variety of risks and uncertainties which could cause actual events to differ
materially from those reflected in the forward-looking statements, including:
fluctuations in the price of gold, cost of mining, inability to complete drill
programs on time and on budget and future financing. Words such as "believes",
"plans", "anticipates", "expects", "estimates" and similar expressions should
also be considered to be forward-looking statements. There are a number of
important factors that could cause actual results or events to differ materially
from those indicated by such forward-looking statements, including, but not
limited to: uncertainties involving interpretation of drilling results,
environmental matters, obtaining required permitting, equipment breakdowns or
disruptions, and the other factors described in Otis' most recent Annual Report.
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 "U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Otis Gold Corp.
Craig Lindsay
604.683.2507
craig@otisgold.com
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