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Bald Eagle Announces $2,300,000 Private Placement Led by Crescat Capital
Bald Eagle Announces $2,300,000 Private Placement Led by Crescat Capital Canada...
About this update from Hercules Metals Corp
[{"type":"text","content":"\n \n \n \n Bald Eagle Announces $2,300,000 Private Placement Led by Crescat Capital\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n May 11, 2022\n \n \n /CNW/ - Bald Eagle Gold Corp. (\"\n \n Bald Eagle\n \n \" or the \"\n \n Corporation\n \n \") (TSXV: BIG) (OTCBQ: BADEF) is pleased to announce that it is undertaking a non-brokered private placement for aggregate gross proceeds of up to\n \n $2,300,000\n \n (the \"\n \n Offering\n \n \").\n \n \n \n \n \n \n \n \n \n Pursuant to the Offering, the Corporation may issue up to 30,666,667 units of the Corporation (\"\n \n Units\n \n \") at a price of\n \n $0.075\n \n per Unit. Each Unit will be comprised of one common share of the Corporation (a \"\n \n Common Share\n \n \") and one Common Share purchase warrant of the Corporation (a \"\n \n Warrant\n \n \"). Each whole Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of\n \n $0.11\n \n for a period of two years from the closing of the Offering. All securities issued under the Offering will be subject to a four month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside\n \n Canada\n \n .\n \n \n The Corporation is also pleased to welcome Crescat Capital LLC (\n \n \"Crescat\"\n \n ) as a lead strategic investor in the Offering. Crescat has agreed to purchase a total of 14,666,667 Units for gross proceeds of\n \n $1,100,000\n \n (the\n \n \"Crescat Investment\"\n \n ). Following completion of the Crescat Investment, Crescat has also been granted the right to participate in future financings of the Corporation so as to maintain its pro-rata interest (the\n \n \"Participation Rights\"\n \n ). The Participation Rights will remain in effect as long as Crescat holds greater than 2% of t...