Outcrop Silver Announces Upsize of Public Offering to $6.5 Million, Led by Investment from Eric Sprott

Core Viewpoint - Outcrop Silver & Gold Corporation has announced an increase in its public offering of units to raise up to $6,500,000 due to strong investor demand [1] Group 1: Offering Details - The offering price is set at $0.22 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [2] - Each warrant allows the holder to purchase one common share at an exercise price of $0.30 for a period of 24 months following the closing of the offering [2] - The company has granted the agent an over-allotment option to increase the offering size by up to approximately 15% of the total number of units issued [3] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration and development of the Santa Ana Project, working capital, and general corporate purposes [4] Group 3: Closing and Regulatory Approvals - The closing of the offering is expected around March 26, 2025, subject to necessary regulatory approvals, including from the TSX Venture Exchange [5] Group 4: Company Overview - Outcrop Silver is focused on advancing its flagship Santa Ana high-grade silver project in Colombia, leveraging a seasoned team with extensive regional experience [8] - The company is committed to responsible mining practices and community engagement, aiming for sustainable development [9] - Outcrop Silver aims to transform the Santa Ana project into a significant silver producer, positively impacting the local economy [10]