Otis Gold Grants Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 7, 2014) - 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.
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