Hercules Silver Corp. closes $5.75 million brokered private placement

1 minute read
20 April 2023

On April 20, 2023, Hercules Silver Corp. ("Hercules Silver") (TSXV: BIG) (OTCQB: BADEF) (FWB: 8Q7) announced that it had closed its previously announced brokered private placement offering of units for aggregate gross proceeds of $5,750,000, including the full exercise of the agents' option. 

The offering was led by Canaccord Genuity Corp. as part of a syndicate of agents including Research Capital Corporation and 3L Capital Inc.
Hercules Silver is a junior mining company focused on the exploration and development of the 100% owned Hercules Silver Project, northwest of Cambridge, Idaho.
Gowling WLG advised Hercules Silver with respect to this transaction with a team that included Peter Simeon, Tara Amiri, James Stewart and paralegal Toni Vodola, assisted by student-at-law Natalia Mioduszewski.

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.

Related   Mining, Capital Markets