Outcrop Gold Closes $9.2 Million Bought Deal Financing
Summary
Each Warrant is exercisable to acquire one Common Share (a "Warrant Share") at a price of $0.60 per Warrant Share until March 26, 2023.Outcrop intends to use the net proceeds from the Offering primarily to advance exploration at the Santa Ana project and for general corporate purposes as further described in the Prospectus.The Units were offered by way of a short form prospectus dated March 22, 2021 (the "Prospectus") filed in all provinces of Canada, except for Quebec, and were also offered by way of private placement in the United States. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.Outcrop is a hybrid prospect generator active in Colombia acquiring silver and gold exploration projects with world-class discovery potential. Outcrop performs its own grass roots exploration and then employs a joint venture business model on its projects to maximize investor exposure to discovery and minimize financial risk. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Outcrop to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary regulatory approvals, capital expenditures and other costs, financing and additional capital requirements, completion of due diligence, general economic, market and business conditions, new legislation, uncertainties resulting from potential delays or changes in plans, political uncertainties, and the state of the securities markets generally. Although management of Outcrop have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.