February 24, 2017 / 1:41 PM / 9 months ago

BRIEF-Otis Gold announces strategic investment by Agnico Eagle

Feb 24 (Reuters) - Otis Gold Corp

* Otis Gold - Agnico Eagle Mines agreed to acquire, by private placement, 14.42 million shares of co at price of $0.35 per common share

* On closing of transaction, agnico will own approximately 9.95% of issued and outstanding common shares on a non-diluted basis

* Otis Gold Corp - proceeds from transaction shall be primarily used for exploration at Kilgore gold project located in Clark County, Idaho Source text for Eikon: Further company coverage:

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