Otis Gold Corp. (TSXV:OOO) announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 1,000,000 on August 23, 2019. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at an exercise price of CAD 0.15 per share for a period of 30 months from the closing of the transaction. The transaction may include participation from the company’s board of directors and the management team. All securities are subject to a hold period of four months and one day from closing. The company may pay finder’s fees in the transaction. The transaction is subject to approval of the TSX Venture Exchange.