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Hercules Silver Corp. Announces Brokered Private Placement of up to $5 Million
Hercules Silver Corp. Announces Brokered Private Placement of up to $5 Million Canada N...
About this update from Hercules Metals Corp
[{"type":"text","content":"\n \n \n \n Hercules Silver Corp. Announces Brokered Private Placement of up to $5 Million\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 /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 30, 2023\n \n \n /CNW/ - Hercules Silver Corp. (\"\n \n Hercules Silver\n \n \" or the \"\n \n Company\n \n \") (TSXV: BIG) (OTCQB: BADEF) (FWB: 6W0) is pleased to announce that it has entered into a letter agreement with Canaccord Genuity Corp., as lead agent and bookrunner (the \"\n \n Lead Agent\n \n \"), on its own behalf and on behalf of a syndicate of agents including Research Capital Corp. (collectively, the \"\n \n Agents\n \n \") in connection with a fully marketed private placement for the sale of up to 25,000,000 units of the Company (\"\n \n Units\n \n \") at a price of\n \n C$0.20\n \n per Unit (the \"\n \n Offering Price\n \n \") for gross proceeds of up to\n \n C$5,000,000\n \n (the \"\n \n Offering\n \n \").\n \n \n Each Unit consists of one common share in the capital of the Company (each, a \"\n \n Common Share\n \n \") and one-half of one Common Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each whole Warrant entitles the holder thereof to acquire one Common Share at a price of\n \n C$0.30\n \n per Common Share for a period of 24 months from the closing date of the Offering.\n \n \n The Company has granted the Agents an option to sell up to an 3,750,000 additional Units  at the Offering Price, for additional gross proceeds of up to\n \n $750,000\n \n , exercisable in whole or part at any time up to 48 hours prior to the closing of the Offering (the \"\n \n Closing\n \n \").\n \n \n The net proceeds of the Offering will be used for exploration as well as for working capital and general corporate purposes.\n \n \n Closing of the Offering is expected to occur on or about\n \n April 20, 2023\n \n or on such date as agreed upon between the Company...