Hercules Metals Announces C$15 Million Financing
TORONTO, July 28, 2025 (GLOBE NEWSWIRE) — Hercules Metals Corp. (TSX-V: BIG) (OTCQB: BADEF) (FRA: C0X) ('Hercules Metals' or the 'Company') is pleased to announce it has entered into an agreement with Canaccord Genuity Corp. ('Canaccord Genuity') and BMO Capital Markets (collectively with Canaccord Genuity, the 'Co-Lead Agents'), as co-lead agents and co-lead bookrunners, and on behalf of a syndicate of agents to be named (collectively with the Co-Lead Agents, the 'Agents'), pursuant to which the Agents will offer for sale up to 21,430,000 common shares in the capital of the Company (the 'Shares') at a price of C$0.70 per Share (the 'Offering Price'), on a brokered private placement 'best efforts' agency basis, for aggregate gross proceeds to the Company of up to C$15,001,000 (the 'Offering'). The Company has also granted the Agents an option exercisable at any time up to the closing of the Offering, to offer for sale up to an additional 3,214,500 Shares at the Offering Price, for additional gross proceeds of up to C$2,250,150.
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