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Outcrop Silver Announces Closing $4.5 Million Public Offering of Units, with Participation by Eric Sprott
Outcrop Silver Announces Closing $4.5 Million Public Offering of Units, with Participation by Eri...
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":"\n \n \n \n Outcrop Silver Announces Closing $4.5 Million Public Offering of Units, with Participation by Eric Sprott\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; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen4{\nTEXT-ALIGN: JUSTIFY; MARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\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 May 10, 2023\n \n \n /CNW/ - Outcrop Silver & Gold Corporation (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG1) (\"\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 18,097,000 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $0.25\n \n per Unit, for aggregate gross proceeds of approximately\n \n $4.5 million\n \n . The Offering was led by Research Capital Corporation as the lead agent and sole bookrunner, on behalf of a syndicate of agents, including Canaccord Genuity Corp. (collectively, the \"\n \n Agents\n \n \").\n \n \n \n \n \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-half of one Common Share purchase warrant of the Company (each whole warrant, 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 $0.35\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 working capital and general corporate purposes.\n \n \n In connection with the Offering, the Company has filed a prospectus supplement (the \"\n \n Su...