Hercules Silver Announces Engagement of Momentum Investor Relations

Rhea-AI Summary

Hercules Silver Corp. engages Momentum IR Corp. for investor relations and advisory services, led by Nisha Hasan. The agreement includes a monthly fee of $10,000 and 200,000 Options with an exercise price of CAD$0.83, vesting over twenty-four months.

Toronto, Ontario--(Newsfile Corp. - April 5, 2024) - Hercules Silver Corp. (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7) ("Hercules Silver" or the "Company") is pleased announce that it has engaged Momentum IR Corp. ("Momentum") a Toronto based investor relations and corporate communications firm led by Nisha Hasan, to provide investor relations and advisory services.

Chris Paul, CEO and Director of the Company, noted: "As we look to embark on our upcoming 2024 drilling campaign, engaging Momentum is the next step in the Company's growth strategy to enhance our ability to communicate developments with our shareholders and the broader investment community. I'm delighted to welcome Nisha and her team aboard to ensure that we stay aligned with our shareholders and effectively communicate the progress of our upcoming drill program."

The initial term of the agreement (the "Agreement") is for a period of twelve months unless otherwise terminated earlier. As consideration for the services, the Company will pay a monthly fee of $10,000 in addition to 200,000 Options exercisable for a period of 5 years with an exercise price of CAD$0.83. The options will vest in four equal tranches over a period of twenty-four months.

Momentum does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. Aside from this Agreement, the Company does not have any relationship with Momentum. The engagement with Momentum is subject to approval of the TSX Venture Exchange.

About Hercules Silver Corp.

Hercules Silver Corp. is a junior mining company focused on the exploration and development of the 100% owned Hercules Silver Project, northwest of Cambridge, Idaho.

The Hercules project is a disseminated silver-lead-zinc system with 28,000 meters of historical drilling across 3.5 kilometers of strike. The additional discovery of a new porphyry copper system at depth in 2023 adds significant upside potential to the Property. The Company is well positioned for growth through the drill bit, having completed extensive surface exploration consisting of soil & rock sampling, geological mapping, IP geophysics.

The Company's management team brings significant exploration experience through the discovery and development of numerous precious metals projects worldwide.

For further information please contact:

Chris Paul
CEO & Director
Telephone +1 (604) 670-5527
Email: chris@herculessilver.com

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such registration is available.

Disclaimer for Forward-Looking Information

This news release contains certain information that may be deemed "forward-looking information" with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-Looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-Looking information contained in this press release may include, without limitation, the results of operations, and the expected financial performance of the Company.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company's expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company's public disclosure documents filed on the SEDAR+ website www.sedarplus.ca.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF HERCULES SILVER AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE HERCULES SILVER MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204452

FAQ

What services will Momentum IR Corp. provide to Hercules Silver Corp.?

Momentum IR Corp. will provide investor relations and advisory services to Hercules Silver Corp.

Who leads Momentum IR Corp.?

Nisha Hasan leads Momentum IR Corp.

What is the monthly fee Hercules Silver Corp. will pay for the services?

Hercules Silver Corp. will pay a monthly fee of $10,000 for the services.

How many Options are included in the agreement and what is the exercise price?

The agreement includes 200,000 Options with an exercise price of CAD$0.83.

Over what period will the options vest?

The options will vest in four equal tranches over a period of twenty-four months.