Outcrop Silver Announces $20 Million Public Offering

Core Viewpoint - Outcrop Silver & Gold Corporation has announced a public offering of units to raise up to $20 million, aimed at funding exploration and drilling at its Santa Ana project in Colombia [1][4]. Offering Details - The offering consists of units priced at $0.35 each, with each unit comprising 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 $0.55 for 24 months, with provisions for early expiry if the share price exceeds $0.75 for 20 consecutive trading days [2]. Agents and Fees - BMO Capital Markets is the sole bookrunner, with Research Capital Corporation as co-lead agent, and they will receive a fee of 6.0% of the gross proceeds from the offering [3][4]. Use of Proceeds - The net proceeds from the offering will be allocated for exploration and drilling at the Santa Ana project, as well as for general working capital [4]. Regulatory Approvals - The closing of the offering is anticipated around October 3, 2025, pending necessary regulatory approvals, including from the TSX Venture Exchange [5]. Company Overview - Outcrop Silver is focused on advancing its Santa Ana high-grade silver project in Colombia, emphasizing responsible mining practices and community engagement [7][8]. - The company aims to expand its mineral resources through strategic exploration initiatives, leveraging its experienced team [8].