Client work
Hercules Silver announces closing of strategic investment by Barrick Gold Corporation
1
On November 7, 2023, Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) (FWB: 8Q7) announced completion of its previously announced non-brokered private placement, resulting in Barrick Gold Corporation subscribing for 21,265,370 units of Hercules Silver for gross proceeds to Hercules Silver of $23,391,907. The private placement represents a significant step towards the equity requirements to fund the Hercules Silver Project and a strategic investment by Barrick in Hercules Silver.
Hercules Silver is a junior mining company focused on the exploration and development of the 100% owned Hercules Silver Project, northwest of Cambridge, Idaho. Barrick is a senior gold mining company organized under the laws of the Province of British Columbia.
Gowling WLG advised Hercules Silver with respect to this transaction with a team that included Peter Simeon, Tara Amiri, James Stewart and Natalia Mioduszewski (corporate/securities), assisted by paralegal Toni Vodola.
NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.
We’re here to help, feel free to reach out to us
Contact us