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$BIG.V

2 stories mentioning BIG.VUpdated 39d ago

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Mining & Metals

Hercules Metals Raises $31.5 Million in a Bought-Deal Private Placement

Hercules Metals (BIG.V) on Wednesday said it closed a bought-deal private placement offering, raising $31.5 million.The company sold underwriters 53.4-million shares at $0.59 apiece. In the offering, the company issued 36.4-million at the offering price for $21.4 million under the Listed Issuer Financing Exemption and 17-million shares at the offering price for $10 million under other prospectus exemptions.Proceeds will be used for exploration and development of its Hercules property in western Idaho and for general working capital needs.Shares of the company were last seen up $0.02 to $0.63 on the TSX Venture Exchange.Price: $0.63, Change: $+0.02, Percent Change: +3.28%

$BIG.V
Mining & Metals

Hercules Metals Upsizes Private-Placement Share Financings to $31.5 Million

Hercules Metals (BIG.V) on Wednesday said it upsized private-placement share financings to $31.5 million from $23.2 million.The company sold underwriters 36.4-million shares price at $0.59 each in a bought-deal private placement, raising $21.4 million.It also is also seeking $10 million in a brokered private placement of 17-million shares, also priced at $0.59 eachBarrick Mining (ABX.TO) has a participation right to maintain its stake in the company but Hercules did not say if the company plans to participate in the offerings.Proceeds will be used for exploration and development of its 100% owned Hercules property in western Idaho and for general working capital needs.Shares of the company were last seen down $0.01 to $0.63 on the TSX Venture Exchange.Price: $0.63, Change: $-0.01, Percent Change: -1.56%

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