Outcrop Gold Corp ( (TSE:OCG) ) has shared an announcement.
Outcrop Silver & Gold Corporation has announced a public offering of units to raise up to $5 million, with notable participation from investor Eric Sprott. The proceeds will be used for the exploration and development of the Santa Ana Project, as well as for working capital and general corporate purposes. The offering, managed by Research Capital Corporation, includes an option to increase the size by 15% to cover over-allotments. The closing is expected around March 26, 2025, pending regulatory approvals. This move underscores Outcrop Silver’s strategic efforts to bolster its operations and potentially enhance its standing in the mining industry.
More about Outcrop Gold Corp
Outcrop Silver is a leading explorer and developer focused on advancing its flagship Santa Ana high-grade silver project in Colombia. The company is committed to responsible mining practices and community engagement, aiming to transform the Santa Ana project into a significant silver producer. With a seasoned team and a deep understanding of the Colombian mining landscape, Outcrop Silver is dedicated to expanding mineral resources and enhancing shareholder value.
YTD Price Performance: 22.50%
Average Trading Volume: 418,894
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$85.4M
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