WEIRTON, WV / ACCESSWIRE / March 14, 2022 / Osceola Gold (OTC PINK:OSCI) a precious metal mining company that focuses on the development and exploration
of gold and other precious metal mining projects has completed round one, in the amount of $5 million, in non-dilutive funding with Sajeindus Agromine, on
behalf of 40 Brightwater LLC. Our affiliates facilitating the expedient completion of Phase 1 enables management to launch Phase 2 without delay.
The funding from investment affiliates Sajeindus Agromine and 40 Brightwater LLC is structured as non-dilutive, in the best interest of shareholders, and
"Our organization couldn't be more excited about our investment with Osceola Gold and the direction we are headed." stated Shannon Newby, President Of 40
Operationally this first injection of non-dilutive funding will facilitate the completion of Phase 1, and the capability to immediately move into Phase 2.
The short-term strategy is then purchasing additional and larger equipment to increase the run rate. Bolstering daily production is expected to strengthen
Osceola's Spring season considerably.
"We are very excited, being a publicly traded company on the OTC Market, to be continually reaching for higher levels of success, not only for ourselves, but
for all who have invested in us.
Our projections entail having the capacity to pull 1 gram per ton processed out of the ground on average. We have revised our Phase 1 priorities, and they
are detailed below." concludes Thomas More, President and CEO of Osceola Gold.
Phase 1 Finalization includes:
* Confirmation of drilling locations with geologist
* Completion of all on-site updates and maintenance
* Inspection of all areas ensuring compliance with BLM, MSHA and NDE
Following the initial conclusion, Shareholders will be updated.
Updates can be viewed on Twitter: https://twitter.com/osceolagold