Outcrop Silver arranges $20-million public offering

Executive Summary

• Outcrop Silver & Gold Corp. announced a best‑efforts public offering of units for up to $20 million at $0.35 per unit.
• Each unit consists of one common share and half of a common‑share purchase warrant (exercise price $0.55, 24‑month term).
• Net proceeds are earmarked for exploration and drilling at the Santa Ana project in Colombia and for general working capital.

Key Details

• Offering Structure: Units = 1 common share + ½ warrant; price = $0.35 per unit.
• Gross Proceeds Target: Up to $20 million.
• Warrant Terms: Exercise price $0.55 per share; exercisable for 24 months post‑closing; possible acceleration if the share price exceeds $0.75 for ≥20 consecutive trading days after the six‑month anniversary.
• Overallotment Option: Agents may increase the offering by up to ≈15 % of total units for overallotments or market stabilization, exercisable up to 30 days post‑closing.
• Agent Fees: 6.0 % of gross proceeds (including any overallotment proceeds).
• Use of Proceeds: Primarily for exploration and drilling at the Santa Ana high‑grade silver project in Colombia; remainder for general working capital.
• Closing Timeline: Expected around Oct. 3, 2025, subject to regulatory approvals (TSX Venture Exchange).
• Distribution Channels: Offered via prospectus supplement to existing base shelf prospectus (filed Aug. 5, 2025) across Canada (excluding Quebec and Nunavut); may also be offered as a private placement in the United States.

Notable Quotes

(No direct quotes provided in the release.)