BRIEF-Otis increases private placement to $1.8 million

Wed Jul 13, 2016 8:55am EDT
 
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July 13 (Reuters) - Otis Gold Corp

* Otis increases private placement to $1.8 million

* Increase in its $500,000 private placement to $1.8 million and will now issue up to 10.6 million common shares at a price of $0.17 per share

* Otis gold corp says net proceeds will be used for continued advancement of kilgore gold project and for general working capital purposes Source text for Eikon: Further company coverage: