Outcrop Gold Corp. (TSXV:OCG) agreed to acquire Frias Mine in Colombia for $1.6 million on July 17, 2020. Under the share purchase agreement, Outcrop will pay $0.25 million and issue 1,000,000 common shares upon closing, with subsequent payments of $1 million payable in common shares of Outcrop contingent upon future permitting milestones and a 2% NSR royalty. 1% of the royalty may be purchased by Outcrop at any time for $0.5 million payable in cash. The transaction is subject to TSX Venture Exchange approval.