TORONTO, ONTARIO–(Newsfile Corp. – March 2, 2023)- Hercules Silver Company (TSXV: BIG) (OTCQB: BADEF) (FSE: 8Q7) (“hercules silver” or “company“) is pleased to announce the appointment of Kelly Malcolm as an independent director of the Company.board”) to five qualified professionals with broad backgrounds in exploration and development, capital markets, accounting and finance, and corporate governance. The Board of Directors currently consists of a majority of independent directors.
Malcolm is a professional geologist with extensive exploration experience focused on precious metal exploration and is currently Vice President of Exploration for Amex Exploration Inc. He specializes in the synthesis and interpretation of geological, geochemical and geophysical data to guide exploration and development activities. He has previously been involved in the discovery and delineation of Detour Gold’s high grade 58N gold deposit and has served as a director, advisor or manager of several public and private mineral exploration companies. He holds a BA Honors in Geology and a BA in Economics from Laurentian University.
The Company also announces that it has granted 750,000 incentive stock options (“option“) and 750,000 restricted stock units (“RSUsOptions and RSUs will vest in four equal tranches over 24 months from the March 1, 2023 grant date. Options are exercisable for five years. Options and RSUs were granted pursuant to the Company’s Omnibus Incentive Plan approved by the Company’s shareholders on July 15, 2022.
Management commentary
Chris Paul, CEO and Director of the company, commented:We are delighted to have Kelly join our team. He brings extensive exploration experience to our board and has extensive capital markets relationships around the world. His appointment is a testament to the quality of the asset package assembled at Hercules. On behalf of the Board, I would like to welcome Kelly to the company. “
Our independent director Kelly Malcolm commented: “I am extremely happy and excited to accept this appointment. I have been following the company’s progress over the past year as they work to demonstrate the significant potential of the Hercules Project. I look forward to working with the members of the Board of Directors and hope to have a positive impact on the future direction of the company and its projects in Idaho.”
About Hercules Silver Corp.
Hercules Silver Corp. is a junior mining company focused on exploration and development of the 100% owned Hercules Silver Project northwest of Cambridge, Idaho.
The Hercules project is a pervasive silver-lead-zinc system with 28,000 meters of historic drilling over a 3.5-kilometer strike. The company is well positioned for growth with drill bits in 2023, with a major surface exploration program in 2022 consisting of soil and rock sampling, geological mapping, IP geophysics and a 9-hole drilling program. have completed
Our management team brings significant exploration experience through the discovery and development of numerous precious metal projects around the world.
For more information, please contact:
Chris Paul
Representative Director and President
Phone +1 (604) 449-6819
Email: This email address is being protected from spambots. JavaScript must be enabled to view.
This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referred to herein have not been registered and are not intended to be registered under the United States Securities Act of 1933, as amended (“U.S. Securities Law“) or subject to state securities laws and may not be offered or sold in the United States or to United States persons unless registered under the United States securities laws and applicable state securities laws.
Forward-Looking Information Disclaimer
This news release contains certain information that may be considered “forward-looking information” about 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 our actual results, performance or performance, or industry developments. may differ materially from the expected results, performance or achievements expressed or implied by such forward-looking statements. looking for information. Forward-looking information is not historical fact and generally, but not always, includes the following: “expect,” “plan,” “expect,” “believe,” “intend,” “estimate.” , includes statements identified by the word “predict”. “Potential” and similar expressions or expressions that an event or condition “will”, “could”, “could”, “could” or “should” occur. Forward-looking statements in this news release include, but are not limited to, statements regarding RSU and option vesting schedules, the company’s objectives, goals or future plans, and the company’s expected financial performance. not.
Although we believe that the forward-looking information contained in this news release is reasonable based on the information available as of the date hereof, the forward-looking information, by its nature, contains assumptions, known and involve unknown risks, uncertainties and other factors that may cause actual results. that the results, level of activity, performance or achievements or other future events will differ materially from any future results, performance or achievements expressed or implied by such forward-looking information;
Examples of such assumptions, risks and uncertainties include, but are not limited to, assumptions, risks and uncertainties relating to general economic conditions. Covid-19 Pandemic. adverse industry events; receipt of required regulatory approvals and the timing of such approvals; maintaining good relations with the communities in which we operate or propose to operate; future legislative and regulatory developments in the mining sector; our ability to access sufficient capital from internal and external sources and/or our inability to access sufficient capital on favorable terms; Canadian and General Mining and Markets. our ability to implement our business strategy; competition; any of the assumptions may prove valid or unreliable, leading to delays or suspension of planned work Risks associated with interpretation of data, geology, deposit grade and continuity SEDAR web inconsistent with our expectations and other assumed risks and uncertainties applicable to mineral exploration and development activities and our company, including those set forth in our public documents filed on the Site; www.sedar.com.
The forward-looking information contained in this press release represents Hercules Silver’s expectations as of the date of this press release and is therefore subject to change after that date. Readers should not place undue importance on forward-looking information or rely on this information as of any other date. HERCULES SILVER reserves the right to choose but does not undertake to update this information at any particular time, except as required by applicable law.
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