New Issue: O.T. Mining completes $2.52 million private placement of units

By Sheri Kasprzak

New York, April 20 - O.T. Mining Corp. said it has completed a $2,519,807 private placement.

The company sold 719,945 units at $3.50 each.

The units consist of one share and one warrant with each warrant exercisable at $7.00 for two years.

Montreal-based O.T. is a copper, gold and silver exploration company.

Issuer:	O.T. Mining Corp.
Issue:	Units of one share and one warrant
Amount:	$2,519,807
Units:	719,945
Price:	$3.50
Warrants:	One warrant per unit
Warrant expiration:	Two years
Warrant strike price:	$7.00
Settlement date:	February
Announcement date:	April 20
Stock symbol:	Pink Sheets: OTMN
Stock price:	$5.40 at close April 19

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