News Formal

Barrick Gold increases stake in Hercules Silver with $23.4M investment

  • 📰 SooToday
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 85%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

TORONTO — Barrick Gold Corp. has signed a deal to increase its stake in Hercules Silver Corp. to more than 10 per cent with an investment of $23.4 million.

Under the agreement, the gold miner will acquire 21,265,370 units in a non-brokered private placement at a price of $1.10 per unit.

Each unit includes one common share and 0.32 of a common share purchase warrant. Each whole warrant will entitle the holder to acquire one Hercules common share at a price of $1.32 per common share for a period of two years. Barrick currently owns 5,291,500 common shares of Hercules or a 2.73 per cent stake. Following the private placement, Barrick will hold 26,556,870 common shares of Hercules and 6,804,918 warrants, representing a 12.33 per cent stake in Hercules on a non-diluted basis and 15.02 per cent on a partially diluted basis.

Hercules is a junior mining company developing the Hercules silver project, northwest of Cambridge, Idaho.This report by The Canadian Press was first published Nov. 6, 2023.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 8. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Barrick Gold increases stake in Hercules Silver with $23.4M investmentTORONTO — Barrick Gold Corp. has signed a deal to increase its stake in Hercules Silver Corp. to more than 10 per cent with an investment of $23.4 million...
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »