Otis Gold Corp
			Symbol			OOO
			Shares Issued			17,168,750
			Close 2009-10-14			C$ 0.74
			Recent Sedar Documents

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Otis Gold arranges $2.14-million private placement

2009-10-14 15:36 ET - News Release

Mr. Craig Lindsay reports

OTIS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Otis Gold Corp. has arranged a non-brokered private placement of up to 3.3 million units at a price of 65 cents per unit, for aggregate gross proceeds of up to $2,145,000. Each unit will consist of one common share and one-half of one transferable common share purchase warrant. Each warrant will be exercisable to purchase one common share of the company for two years, at a price of 90 cents per share in year one, and $1.25 per share in year two.

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