Otis Gold Corp.

Published : June 30th, 2016

Otis Announces $500,000 Private Placement

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Otis Announces $500,000 Private Placement

Vancouver, B.C. - Otis Gold Corp. ('Otis' or the 'Company') is pleased to announce a straight equity non-brokered private placement of up to 2,941,176 common shares at a price of $0.17 per share, for aggregate gross proceeds of up to $500,000. All funds are in Canadian dollars. The proceeds from this private placement will be used for the continued advancement of the Kilgore Gold Project and for general working capital purposes. Certain current shareholders may be participating in this financing, and finders fees may be paid on a portion of the funds raised. All securities issued will be subject to a hold period of four months from closing. The proposed financing is subject to the approval of the TSX Venture Exchange.

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:

Craig Lindsay
Tel: 604.683.2507
E-mail: [email protected]

Neither the TSX Venture 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.

The forward-looking information contained in this press release is made as of the date hereof and Otis undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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.

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Otis Gold Corp.

EXPLORATION STAGE
CODE : OOO.V
ISIN : CA6890071021
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Contact Cpy

Otis Gold is a gold exploration company based in Canada.

Its main exploration properties are GOLD BUG, HAI, GOLD BUG (BAYSWATER), OAKLEY, REDCAT, BUCKHORN and KILGORE in USA.

Otis Gold is listed in Canada. Its market capitalisation is CA$ 18.2 millions as of today (US$ 12.8 millions, € 11.9 millions).

Its stock quote reached its highest recent level on January 07, 2011 at CA$ 0.84, and its lowest recent point on April 10, 2015 at CA$ 0.02.

Otis Gold has 145 540 000 shares outstanding.

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Financings of Otis Gold Corp.
10/25/2013Closes Private Placement
9/26/2013Announces Non-Brokered Private Placement
2/15/2011Increases Private Placement
Nominations of Otis Gold Corp.
10/1/2012Appoints Roger Norwich as Director
Project news of Otis Gold Corp.
1/17/2013(Kilgore)Drills 121.9 Metres @ 1.04 g/t Au and 83.8 Metres @ 1.12 g/t...
1/10/2013(Oakley)Announces Oakley Project Joint Venture
4/11/2011(Kilgore)Reports Strong Metallurgy Results from its Kilgore Mine Ridg...
4/6/2011(Kilgore)Identifies Two Additional Drill Targets at Kilgore; Announce...
2/24/2011(Kilgore)Releases Complete Mine Ridge 2010 Drill Results; 31 of 35 Ho...
Corporate news of Otis Gold Corp.
8/2/2016Otis Gold Closes $2,298,860 Private Placement
7/25/2016Otis Initiates 2016 Kilgore Drill Program
7/13/2016Otis Increases Private Placement To $1.8 Million
6/30/2016Otis Announces $500,000 Private Placement
6/24/2016Otis Clarifies Technical Disclosures
6/7/2016Otis Provides Geologic And Corporate Update
3/24/2016Otis to Present at Tumazos Conference
1/14/2016CORRECTION FROM SOURCE: Otis Drills 94.5 Metres of 4.21 G/T ...
1/14/2016Otis Drills 94.5 Metres Of 4.21 G/T Au And 59.5 Metres Of 3....
10/20/2015Otis Announces $500,000 Private Placement
10/15/2015Otis Establishes Advisory Board; Appoints Mr. Eric Klepfer a...
10/1/2015Otis Commences Kilgore Drill Program
9/28/2015Otis Gold Announces Warrant Repricing and Extension
8/18/2015Otis Announces Kilgore Drill Program
7/16/2015Otis Appoints Roger Norwich as Director
7/10/2015Otis Gold Closes $1,410,000 Private Placement
6/19/2015Otis Gold Closes $650,000 Private Placement
2/5/2015Otis Joint Venture Partner Reports 0.691 gpt Au Over 123m at...
1/9/2015Otis Receives Permit For Kilgore Drill Program
10/8/2014Otis Completes Kilgore Environmental Assessment
9/18/2014Otis Stakes New Matrix Creek Silver-Gold Target at Oakley
7/14/2014Otis Announces Blue Hill Creek Joint Venture
6/16/2014Otis Announces Resignation of Director
4/29/2014Otis Terminates Oakley Option Agreement
4/14/2014Otis Gold Closes Private Placement
4/7/2014Otis Announces Non-Brokered Private Placement
10/24/2012(Kilgore)Announces Fall Kilgore Drill Program
10/16/2012Adopts Shareholder Rights Plan
9/14/2012(Kilgore)Files Kilgore NI 43-101 Resource Estimate Report
8/27/2012Asante Gold and Otis Gold Corp Investors Forum, September 24...
6/14/2011(Kilgore)Commences 10,000 Metre Drill Program at Kilgore
5/2/2011Joins OTCQX
4/5/2011S&P Initiates Factual Stock Report Coverage on Otis Gold Cor...
3/14/2011Closes Second Tranche of October 2010 Private Placement
3/7/2011Hits Gold in Two of Five Targets at Dog Bone Ridge
2/23/2011Closes $4.0 million Private Placement
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