Outcrop Announces New Board Member Chris Grainger
Outcrop Announces New Board Member Chris
Grainger
VANCOUVER, BC
,
Oct. 20, 2020
/CNW/ -
Outcrop Gold Corp.
(TSXV: OCG) (OTCPK: MRDD.F)
(DE: MRG1) ("
Outcrop
") is pleased to announce the appointment of
Chris Grainger
to the Outcrop
Gold Board of Directors.
Mr. Grainger was previously the Vice President Exploration at Continental Gold and was involved in
the identification and due diligence of the asset portfolio, including recognition of the world-class
Buritica Au-Ag deposit which was recently acquired by Zijin Mining for over
$1.4 billion
. Mr. Grainger
is an exploration and resource delineation geologist with a Ph.D. from the University of
Western
Australia
in Economic Geology. He has over twenty years experience incorporating various aspects
of exploration and development geology with an emphasis on precious metals within diverse
geological environments and a dedicated focus on Colombian geology and mineral deposits over the
last decade.
Outcrop has granted 3,500,000 incentive stock options to directors and employees at an exercise
price of
$0.40
expiring
October 20, 2025
.
About Outcrop Gold
Outcrop is a hybrid prospect generator active in
Colombia
progressing gold and silver 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. Outcrop has seven primary projects in
Colombia
with three at
an advanced stage of exploration. Outcrop will conduct focused drilling on flagship properties such
as Santa Ana to create its own catalysts for value creation.
ON BEHALF OF THE BOARD OF DIRECTORS
Joseph P Hebert, Chief Executive Officer
+1 775 340 0450
www.outcropgoldcorp.com
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
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. 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 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 Gold Corp.
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For further information:
Mars Investor Relations, +1 647 557 6640,
CO: Outcrop Gold Corp.
CNW 05:00e 20-OCT-20