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Outcrop Silver Announces $5 Million Private Placement Financing with Eric Sprott
Outcrop Silver Announces $5 Million Private Placement Financing with Eric Sprott Canada...
About this update from Outcrop Silver & Gold Corporation
[{"type":"text","content":"\n\n\n\n Outcrop Silver Announces $5 Million Private Placement Financing with 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 Sept. 26, 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 a non-brokered private placement offering of 22,727,273 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 up to\n \n $5,000,000\n \n (the \"\n \n Offering\n \n \"). The Company is pleased to advise that\n \n Eric Sprott\n \n , through 2176423 Ontario Ltd., has subscribed for the entire Offering.\n \n\n\n\n\n\n\n\n\n Each Unit will be comprised of one common share of the Company (a \"\n \n Common Share\n \n \") and of 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 $0.30\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 The closing of the Offering is expected to occur on or about\n \n October 3, 2024\n \n (the \"\n \n Closing\n \n \"). The Units to be issued under the Offering will have a hold period of four months and one day from Closing.\n \n\n The Company will pay finder's fees to eligible finders in accordance with the policies of the TSX Venture Exchange (\"\n \n TSXV\n \n \").\n \n\n The issuance of the Units and payment of the Finder's Fee is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSXV.\n \n\n This pres...