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Outcrop Silver Announces Closing $3.45 Million Public Offering, Including the Full Exercise of the Over-Allotment Option
Outcrop Silver Announces Closing $3.45 Million Public Offering, Including the Full Exercise of th...
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":"\n \n \n \n Outcrop Silver Announces Closing $3.45 Million Public Offering, Including the Full Exercise of the Over-Allotment Option\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 14, 2024\n \n \n /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG) (\"\n \n Outcrop Silver\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has closed its previously announced public offering (the \"\n \n Offering\n \n \") of 23,000,000 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $0.15\n \n per Unit, for aggregate gross proceeds of\n \n $3,450,000\n \n , including the full exercise of the over-allotment option. The Offering was led by Research Capital Corporation as the sole agent and sole bookrunner (the \"\n \n Agent\n \n \").\n \n \n Each Unit is comprised of one common share of the Company (a \"\n \n Common Share\n \n \") and one Common Share purchase warrant of the Company (a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of\n \n $0.22\n \n for a period of 24 months following the closing of the Offering.\n \n \n The net proceeds from the Offering will be used by the Company for the exploration and development of the Santa Ana Project, working capital and general corporate purposes.\n \n \n In connection with the Offering, the Company has filed a prospectus supplement (the \"\n \n Supplement\n \n \") dated\n \...