/CNW/ - Outcrop Silver & Gold Corporation (" Outcrop Silver
OUTCROP SILVER ESTABLISHES "AT-THE-
MARKET" EQUITY PROGRAM
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN
THE
UNITED STATES
/
VANCOUVER, BC
,
Sept. 6, 2023
/CNW/ - Outcrop Silver & Gold Corporation ("
Outcrop
Silver
") (TSXV: OCG) (OTCQX: OCGSF) (DE: MRG1) is pleased to announce that it has
established an "at-the-market" equity distribution program (the "
ATM Program
"). The ATM Program
allows Outcrop Silver to issue and sell, at its discretion, up to
$5,000,000
of common shares in the
capital of Outcrop Silver ("
Common Shares
") to the public from time to time through Research
Capital Corporation (the "
Agent
"), as sole agent, at the prevailing market price when issued, directly
on the TSX Venture Exchange or any other recognized marketplace upon which the Common Shares
are listed or quoted or where the Common Shares are traded in Canada. Outcrop Silver intends to
use the net proceeds from the ATM Program for the advancement of the Santa Ana Project and for
general corporate purposes.
Distribution of Common Shares under the ATM Program will be made pursuant to the terms of an
equity distribution agreement (the "
Equity
Distribution Agreement
") dated
September 6, 2023
entered into between Outcrop Silver and the Agent.
The ATM Program will be effective until the earlier of the issuance and sale of all of the Common
Shares issuable pursuant to the ATM Program and the date on which the receipt issued for Outcrop
Silver's base shelf prospectus dated
August 18, 2023
(the "
Base Shelf Prospectus
") ceases to be
effective in accordance with Canadian Securities laws, unless terminated prior to such date by
Outcrop Silver or the Agent. As Common Shares sold in the ATM Program will be issued and sold at
the prevailing market price at the time of the sale, prices may vary among purchasers during the
period of distribution.
The offering under the ATM Program will be made pursuant to a prospectus supplement dated
September 6, 2023
(the "
Prospectus Supplement
") to the Base Shelf Prospectus, which has been
filed with the applicable securities regulatory authorities in each of the provinces and territories in
Canada
. The Equity Distribution Agreement, the Prospectus Supplement and the Base Shelf
Prospectus may be obtained on request, without charge, from the Corporate Secretary of Outcrop
Silver & Gold Corporation at Suite 905 – 1111 West Hastings Street,
Vancouver, British Columbia
,
V6E 2J3 (Telephone (778) 372-2553) and are available on the System for Electronic Document
Analysis and Retrieval ("
SEDAR+
") website at
www.sedarplus.ca
.
This news release does not constitute an offer to sell or the solicitation of an offer to buy the
securities, nor shall there be any sale of the securities in
the United States
, or in any other
jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been
and will not be registered under the United States Securities Act of 1933, as amended (the "
U.S.
Securities Act
"), or under any U.S. state securities laws, and may not be offered, sold, directly or
indirectly, or delivered within
the "United States
" or to, or for the account or benefit of, persons in
the
"United States
" or "U.S. persons" (as such terms are defined in Regulation S under the U.S.
Securities Act) except in certain transactions exempt from the registration requirements of the U.S.
Securities Act and all applicable U.S. state securities laws.
About Outcrop Silver
Outcrop Silver is advancing the Santa Ana high-grade silver deposit with exploration activities aiming
to expand the current mineral resource. Santa Ana is being advanced by a highly disciplined and
seasoned professional team with decades of experience in
Colombia
.
www.outcropsilverandgold.com
Forward Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release. Certain information contained herein constitutes "forward-looking information" under
Canadian securities legislation. Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "potential", "we believe", or variations of such words and
phrases or statements that certain actions, events or results "will" occur. 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 Silver 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 Silver 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. There can be no assurance that such statements will prove to be accurate,
as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements and forward-
looking information. Outcrop Silver will not update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except as required by applicable securities
laws.
SOURCE
Outcrop Silver & Gold Corporation
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For further information:
Ian Harris, Chief Executive Officer, +1 604 294 9039,
[email protected]; Kathy Li, Vice President Investor Relations, +1 778 783 2818,
CO: Outcrop Silver & Gold Corporation
CNW 16:05e 06-SEP-23