Outcrop Gold closes $589,500 first tranche of financing

Nov 8, 2019

2019-11-07 16:39 ET – News Release

Mr. Joseph Hebert reports

OUTCROP GOLD CLOSES PRIVATE PLACEMENT

Outcrop Gold Corp. has closed the first tranche of its non-brokered private placement announced on Oct. 25, 2019, which comprises 5,895,000 units at a price of 10 cents per unit for aggregate gross proceeds of $589,500. Each unit comprises one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of 20 cents until Nov. 7, 2024.

The net proceeds of the offering will be used for advancing primary projects in Colombia and general working capital purposes. The units issued in the offering are subject to a statutory hold period expiring on March 8, 2020. The private placement is subject to final approval by the exchange.

About Outcrop Gold Corp.

Outcrop is a gold prospect generator active in Colombia acquiring gold exploration projects with world-class discovery potential. Outcrop performs its own grassroots exploration and then employs a joint venture business model on its projects to maximize investor exposure to discovery and minimize financial risk.

We seek Safe Harbor.

https://outcropgoldcorp.com/