Outcrop Silver & Gold Corp V.OCG

Exciting News Re: Sprott Financing

[Metal10]

The story does not change here, Eric is arguably the Warren Buffet of resource investing. Investors should be comforted in the fact that he is taking a lead order in this placement with the addition from his previous investment. He won't flip the paper...  

This sets up for no further dilution after this program as I truly believe the stock price will climb to over .70+ after this drill program is complete. This IS one of the highest grade silver and gold properties in Latin America and testing 14KM OF VEIN will allow sophisticated investors to get a glimpse of this systems scale.  

If things go well and management goes ahead with a 42,000 metre resource delineation program at the end of Q1 in 2021 - I am sure management will use the capital raised from the exercised options and warrants for this program as if they are all converted the company will raise 18 million+.   After a 42,000 metre program, I am sure the property could potentially be at a stage of an outright sale or a very lucrative joint venture agreement. Cheers!

[LowMoor]

Yes, sounds great! Nice close today. Maybe some assays next week?

[CHOCKYISBACK]

Based on the follow up NR released after market close today, results may be coming sooner, rahter than later - JMO...rgds 2020-06-02 18:04 ET - News Release   Mr. Joseph Hebert reports OUTCROP GOLD ANNOUNCES $5 MILLION PRIVATE PLACEMENT FULLY ALLOCATED Outcrop Gold Corp.'s brokered private placement of units announced this morning with Mackie Research Capital Corp. as lead