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Outcrop Silver Announces Closing of $7.5 Million Public Offering, Including Full Exercise of the Over-Allotment Option, Led by Investment from Eric Sprott
Outcrop Silver Announces Closing of $7.5 Million Public Offering, Including Full Exercise of the ...
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":"\n\n\n\n Outcrop Silver Announces Closing of $7.5 Million Public Offering, Including Full Exercise of the Over-Allotment Option, Led by Investment from 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.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 27, 2025\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 33,977,272 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $0.22\n \n per Unit, for aggregate gross proceeds of approximately\n \n $7,475,000\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\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 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 $0.30\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 \n March 25, 2025\n \n , to the Company's short form base shelf prospectus dated\n \n August 18, 2023\n \n (the \"\n \n Shelf Prospectus\n \n \"), with the securities regulatory authorities in each of the provinces of\n \n Canada\n \n (except\n \n Quebec\n \n ). Copies of the Shelf Prospectus and, the Supplement to be filed in connection with the Offering, can be fo...