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

Otis Gold Corp Timeline

Newswire
February 27 2017

Related Articles

FKJ-083 at Choco
January 24 2017
Grades and trial mining analysis have to date confirmed reported grades and conditions from historic third party mining operations.
Gold---usable.jpg
November 02 2016
Caledonia Mining is now well into an expansion plan that could boost gold production
Hummingbirds-diggers-(Resized).jpg
April 11 2017
The money is now being provided by Coris Bank, one of the largest and fastest growing lenders in West Africa.
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