Otis Announces Increase in Ownership Interest by Major Shareholder
29 April 2019 - 10:30PM
Otis Gold Corp. (“
Otis” or the
“
Company”) (
TSX-V:
OOO) (
OTC: OGLDF) is pleased to
report that Mr. C. G. Lee-Barber, the principal of 2nd Half
Limited, has acquired an additional 2.0 million shares of the
Company in a private transaction. This purchase increases his
ownership interest to 13.9% of the issued and outstanding shares of
Otis. Mr. Lee-Barber stated: “My confidence level in Kilgore’s
development potential was enhanced after reviewing the recent
favourable metallurgical results. I also look forward to further
work at the emerging Oakley Project.”
Craig Lindsay, Otis President & CEO, stated:
“We are pleased to receive this support and consider it a strong
endorsement of our business plan. We are very appreciative of our
supportive group of shareholders despite a difficult precious
metals market environment.”
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 Project,
located in Clark County, Idaho and the Oakley Project, located in
Cassia County, Idaho.
ON BEHALF OF THE BOARD
“Craig T. Lindsay”
President & CEO
For additional information, please contact:
Mr. Tony Perri – Corporate Development
Tel: (604) 424-8100 Email: tony@otisgold.com
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.
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