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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (54590)	4/17/2019 8:22:20 PM
From: Goose94	Read Replies (1) \| Respond to of 203353

Outcrop Gold (OCG-V) Apr 17, '19 has closed its non-brokered private placement previously announced on April 12, 2019. The company has raised gross proceeds of $500,000 through the issuance of 2,173,914 units at a price of 23 cents per unit. Each unit consists of one common share and one common share purchase warrant of the company. Each warrant entitles the holder to acquire an additional common share of the company at a price of 40 cents per share for a period of five years from the closing date. All securities issued in connection with the offering are subject to a four-month hold period expiring on Aug. 18, 2019, as prescribed by the TSX Venture Exchange and applicable securities laws. The proceeds from the offering will be used to advance exploration on projects in Colombia and to finance potential acquisitions in Colombia, and for general working capital. There were total cash finders' fees of $13,073.20 paid and 56,840 finder warrants issued in connection with the offering. The finder warrants have the same terms as the above warrants. An insider of the company participated in the offering and subscribed for 40,000 units. The participation of the director is considered to be a related party transaction pursuant to Multilateral Instrument 61-101 (Protection of Minority Shareholders in Special Transactions) and TSX-V Policy 5.9. The company determined that exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 were available for the related party transaction pursuant to Section 5.5(a) and Section 5.7(1)(a) of MI 61-101. ON BEHALF OF THE BOARD OF DIRECTORS Joseph (Joe) Hebert, Chief Executive Officer Tel: +1-775-340-0450 Email: joseph.hebert75@gmail.com www.mirandagold.com