Hercules Resources Settles Debt with Equity

Hercules Resources Corp. (TSE:HERC) has released an update.

Hercules Resources Corp. has successfully negotiated the settlement of $21,000 in debt owed to a consultant by issuing 105,000 common shares, each valued at 20 cents. These shares are subject to a mandatory hold period until October 11, 2024. The Canadian gold exploration company continues to focus on project development in Ecuador and Canada, aiming to create stakeholder value through innovative and sustainable practices.

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