OCGSF - Outcrop to raise $6M in an upsized stock offering

Outcrop Silver & Gold (OTCQX:OCGSF) agreed with Research Capital Corporation as sole agent and sole bookrunner for increasing the size of the earlier announced public offering to $6M in gross proceeds. Offering consists of units at a price of $0.27/unit. Each units contains one share and one share purchase warrant wherein warrant holder is entitled to purchase one share at an exercise price of $0.37 for 24 months post offer closing. It has also granted the agent an option to increase the size of the offering by an additional 15% of the total number of units. Net proceeds to be used for working capital and general corporate purposes. Offer closing is expected to occur on or about Mar.9, 2022.

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Outcrop to raise $6M in an upsized stock offering