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Friday, 17 May 2013
Otis Gold's CEO buys company shares
In a sign of confidence in the company, Otis Gold Corporation's (CVE: OOO) chief executive officer has loaded up on shares this week.
President and CEO Craig Lindsay has added 50,000 shares to his position in Otis Gold at a price of $0.075, a seven per cent premium on Thursday's close.
The Vancouver-based company, which operates exploration projects in Idaho, says it is poised to withstand challenges sweeping across the junior mining landscape.
"We are chasing lots of different opportunities right now from financings to developing relationships with producing mining companies, to joint ventures. It's a busy time for Otis," saidLindsay in an interview with Proactive Investors in March.
Part of those discussions centre around raising capital for its flagship Kilgore Gold project.
This month, Otis Gold filed its intention to build approximately 1,550 meters of roads into the North Target Area, which is next to Kilgore Gold.
Otis Gold also announced a partnership that allows Lateral Gold to earn up to a 100 per cent interest in the Oakley Gold Project.
The stock was unchanged as of 2:52 pm ET this afternoon.