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Outcrop Silver & Gold ( OTCQX:OCGSF ) has a nnounced a non-brokered private placement consisting of up to 20M common shares at a price of $0.15/unit for gross aggregate proceeds of up to C$3M.
The net proceeds will be used for exploration at the Santa Ana high grade silver project and general corporate purposes.
Each Unit will be comprised of one common share and one Common Share purchase warrant.
Closing of the offering is intended to occur on or around Sept. 23, 2022.