Business
Outcrop Silver & Gold Establishes At-The-Market Equity Program
VANCOUVER, BC, July 5, 2021 /CNW/ - Outcrop Silver & Gold Corporation ("Outcrop") (TSXV: OCG) (OTCPK: MRDD.F) (DE: MRG1) is pleased to announce that it has esta
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":" VANCOUVER, BC, July 5, 2021 /CNW/ - Outcrop Silver & Gold Corporation (\"Outcrop\") (TSXV: OCG) (OTCPK: MRDD.F) (DE: MRG1) is pleased to announce that it has established an at-the-market equity program (the \"ATM Program\"). The ATM Program allows Outcrop to issue and sell, at its discretion, up to $5,000,000 of common shares in the capital of Outcrop (\"Common Shares\") to the public from time to time through Research Capital Corporation (the \"Agent\"), as sole agent, at the prevailing market price when issued, directly on the TSX Venture Exchange or any other recognized marketplace upon which the Common Shares are listed or quoted or where the Common Shares are traded in Canada. Outcrop intends to use the net proceeds from the ATM Program for the advancement of the Santa Ana Project and for general corporate purposes. Distribution of Common Shares under the ATM Program will be made pursuant to the terms of an equity distribution agreement (the \"Equity Distribution Agreement\") dated July 5, 2021 entered into between Outcrop and the Agent. The ATM Program will be effective until the earlier of the issuance and sale of all of the Common Shares issuable pursuant to the ATM Program and the date on which the receipt issued for Outcrop's base shelf prospectus dated April 27, 2021 (the \"Base Shelf Prospectus\") ceases to be effective in accordance with Canadian Securities laws, unless terminated prior to such date by Outcrop or the Agent. As Common Shares sold in the ATM Program will be issued and sold at the prevailing market price at the time of the sale, prices may vary among purchasers during the period of distribution. The offering under the ATM Program will be made pursuant to a prospectus supplement dated July 5, 2021 (the \"Prospectus Supplement\") to the Base Shelf Prospectus, which has been filed with the applicable securities regulatory authorities in each of the provinces and territories in Canada. The Equity Distribution Agreement, the Prospectus Supplement and the Base Shelf Prospectus may be obtained on request, without charge, from the Corporate Secretary of Outcrop Silver & Gold Corporation at Suite 905 – 1111 West Hastings Street, Vancouver, British Columbia, V6E 2J3 (Telephone +1 778 372 2553) and are available on the System for Electronic Document Analysis and Retrieval (\"SEDAR\") ...