Hercules Resources Taps Into Crescita Equity Facility

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

Hercules Resources Corp., a Canadian gold exploration firm, has initiated a $50,000 drawdown from its $5 million equity investment facility with Crescita Capital. The funds raised through the issuance of units will bolster the company’s general working capital. This financial move is subject to regulatory approvals and is part of Hercules’s ongoing efforts to strengthen its exploration and development projects in Ecuador and Canada.

For further insights into TSE:HERC stock, check out TipRanks’ Stock Analysis page.