/NOT FOR DISTRIBUTION TO
Each Unit is comprised of one common share of the
The net proceeds from the Offering will be used by the Company for the exploration and development of the
In connection with the Offering, the Company has filed a prospectus supplement (the "Supplement") dated
In connection with the Offering, the Agent received a cash commission equal to 6.0% of the gross proceeds from the sale of Units pursuant to the Offering (except for certain orders on a president's list at a reduced fee) and 1,350,000 broker warrants. Each broker warrant entitles the holder thereof to purchase one Common Share at an exercise price equal to
This press release is not an offer to sell or the solicitation of an offer to buy the securities in
Outcrop Silver is advancing the Santa Ana high-grade silver deposit with exploration activities aiming to expand the current mineral resource. Santa Ana is being advanced by a highly disciplined and seasoned professional team with decades of experience in
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer +1 604 294 9039 harris@outcropsilverandgold.com www.outcropsilverandgold.com |
VP Investor Relations +1 778 783 2818 li@outcropsilverandgold.com |
Neither the
This news release contains certain statements which constitute forward-looking statements or forward-looking information (collectively, "forward-looking statements") under applicable Canadian securities laws, including statements relating to the expected use of proceeds from the Offering. Such forward-looking statements are subject to numerous known and unknown risks, uncertainties and other factors, some of which are beyond the Company's control, which could cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. These risks and uncertainties include general economic and capital markets conditions, stock market volatility, the ability of the Company to obtain necessary consents for the Offering, including the approval of the Exchange, and the ability of the Company to complete the Offering on the terms expected or at all. Although the Company believes that the forward-looking statements in this news release are reasonable, they are based on factors and assumptions, based on currently available information, concerning future events, which may prove to be inaccurate. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future plans, operations, results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise.
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