July 13 (Reuters) - Otis Gold Corp OOO.V
* Otis increases private placement to $1.8 million
* Increase in its $500,000 private placement to $1.8 million
and will now issue up to 10.6 million common shares at a price
of $0.17 per share
* Otis gold corp says net proceeds will be used for
continued advancement of kilgore gold project and for general
working capital purposes
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