Sign up USA
Proactive Investors - Run By Investors For Investors

Otis Gold takes full ownership of Blue Hill, Matrix

Otis Gold Corp. has reached an agreement to increase its interest in the Blue Hill Creek and Matrix Creek gold-silver properties located in Cassia county, Idaho, from 80% to 100%, the company said on Wednesday
Otis Gold takes full ownership of Blue Hill, Matrix
Otis Gold Corp. reaches deal on Blue Hill, Matrix

Otis Gold Corp. (CVE:OOO) has reached an agreement to increase its interest in the Blue Hill Creek and Matrix Creek gold-silver properties located in Cassia county, Idaho, from 80% to 100%, the company said on Wednesday.

The company said its agreement also means it can reduce the existing net smelter royalty on these projects from 2.5% to 2%.

In consideration, 380,000 common shares of Otis will be issued to the vendors, and these shares will be subject to a voluntary hold period ending July 31.

The transaction results in Otis increasing its interest to 100 per cent in what is known as the Oakley project, a land package that comprises Blue Hill Creek, Matrix Creek and what is known as Cold Creek.

View full OOO profile View Profile

Otis Gold Corp Timeline

Newswire
June 16 2017
Newswire
February 27 2017

Related Articles

gold_nuggets,_sized_582e32e2725f0.png
November 28 2016
Vital has so far only touched upon a small percentage of its opportunities.
Gold-plus-dollars.jpg
January 25 2017
Asante Gold is working up its portfolio of Ghanaian properties
Mowana copper mine
May 12 2017
A Competent Persons Report has also been published which takes Alecto one step closer to resuming trading on AIM
Copyright © Proactiveinvestors.com, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use