Red Hut to acquire Otu Gold

2014-03-03 17:33 ET - News Release

Mr. Robert Eadie reports
RED HUT METALS ENTERS INTO LOI TO ACQUIRE OTU GOLD PROPERTY IN COLOMBIA

Red Hut Metals Inc. has entered into a letter of intent with Otu Gold Ltd., a Bermuda corporation that owns 117,000 hectares covering an area of 80 by 20 kilometres through the heart of the Segovia gold belt, a prolific gold district in northeast Antioquia, Colombia. The LOI grants Red Hut the exclusive option to acquire all of the issued and outstanding shares of Otu Gold for a period of 45 days, during which period Red Hut intends to conduct and complete its due diligence on Otu Gold and its property.

 

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