10:31 AM EST - Otis Gold Corp. : Has reached an agreement to (1) increase its interest in the Blue Hill Creek and Matrix Creek Gold-Silver Properties located in Cassia County, Idaho from 80% to 100% and (2) reduce the existing net smelter royalty on these projects from 2.5% to 2.0%. In consideration, 380,000 Otis Common Shares of Otis will be issued to the vendors, and these shares will be subject to a voluntary hold period ending July 31. Otis Gold Corp.
shares V.OOO are trading unchanged at $0.30.
