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Outcrop Silver Announces $5 Million Public Offering of Units, Led by Investment from Eric Sprott
Outcrop Silver & Gold Corporation announced a $5 million public offering of units led by an investment from Eric Sprott, priced at $0.22 per Unit. Each unit includes a warrant to purchase a common share at $0.30, exercisable for 24 months. The offering, managed by Research Capital Corporation, includes an over-allotment option for 15% of additional units. Net proceeds will fund the Santa Ana Project's exploration and development, working capital, and general corporate purposes. Closing is expected around March 26, 2025, pending regulatory approvals.
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