12:02 PM EST - Otis Gold Corp. : And Excellon Resources Inc. have entered into a definitive agreement today whereby Excellon will acquire all the issued and outstanding shares of Otis Gold pursuant to a plan of arrangement under the Business Corporations Act (British Columbia). The combined company will be a well-financed precious metals producer with established silver production in Mexico and an attractive gold development project in the United States. The Transaction is an initial step in Excellon becoming a larger multi-asset precious metals company. Otis Gold Corp.
shares V.OOO are trading up $0.035 at $0.16.
