Otto Energy Limited (ASX:OEL) Quarterly Activities Report For June 2009

  Perth, Australia, July 31, 2009 - (ABN Newswire) - Otto Energy Limited (ASX:OEL)(PINK:OTTEF) raised approximately A & #36;26.3 million (before issue costs) during the quarter through a two tranche capital raising comprising a share placement and pro-rata entitlement issue to shareholders.Under the share placement the Company issued approximately 72.4 million shares at A & #36;0.07 per share to raise approximately A & #36;5.1 million.  

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