Otis Gold Corp.has increased its C$500,000private placement to C$1.8 million, the company said July 13.

The company will now issue up to 10,588,235 common shares ata price of 17 cents apiece. The funds will be used to advance its gold project in Idaho andfor general working capital purposes.

Otis Gold noted that no warrants are attached to the placementand that certain shareholders may be participating in the financing.