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Hercules Resources Corp. ( (TSE:HERC) ) has shared an announcement.
Hercules Resources Corp. has announced a shares-for-debt transaction to settle $236,875 of outstanding debt by issuing 789,583 common shares at $0.30 each, pending Canadian Securities Exchange approval. This strategic move involves related party transactions with key company figures and aims to strengthen Hercules’ financial standing without any party holding more than 10% of the company’s shares post-settlement.
More about Hercules Resources Corp.
Hercules Resources Corp. operates in the resource industry, focusing on the exploration and development of mineral properties. The company primarily deals with the acquisition and management of mining assets, aiming to expand its market presence in the resource sector.
Average Trading Volume: 11,211
Technical Sentiment Signal: Hold
Current Market Cap: C$799.7K
Learn more about HERC stock on TipRanks’ Stock Analysis page.