TORONTO, Nov. 2, 2022
/CNW/ - Hercules Silver Corp. ("Hercules Silver" or
the "Company") (TSXV: BIG) (OTCQB: BADEF) (FWB: 6W0) is
pleased to announce that Mr. Keith
Li has been appointed as the Company's Chief Financial
Officer, effective immediately.
Keith Li is an experienced
Chartered Professional Accountant (CPA, CA) with over 15 years of
corporate accounting, finance and financial reporting experience.
He specializes in providing management advisory services,
accounting and regulatory compliance services to both public and
private companies in a number of industries including mining,
cannabis, health and wellness, and merchant banking. Mr. Li began
his career in the public accounting sector as an auditor and had
also held a senior-level position at Sears Canada and multiple
reporting issuers. He also holds a Bachelor of Commerce degree from
McGill University.
Concurrent with Mr. Li's appointment, Mr. Darren Collins has resigned from his role as CFO
of Hercules Silver. Mr. Collins will remain as a director of the
Company.
Mr. Chris Paul, Chief Executive
Officer and Director of the Company, comments: "On behalf of the
management team and board of the Company, I welcome Keith to our
team. Keith is a highly experienced accountant that will
undoubtedly enhance our financial reporting and disclosure
activities. I would also like to thank Darren for his contributions
to the Company as CFO. Darren was responsible for executing
multiple transactions that have positioned our Company with the
assets, capital and team required to create value for our
shareholders. I am certain he will continue to be an asset to the
Company as a Director of the Board."
About Hercules Silver Corp.
Hercules Silver Corp. is a junior mining company focused on the
exploration and development of the Hercules Silver Project,
northwest of Cambridge, Idaho. The
Company's management team brings extensive and successful
international experience with a focus on identifying and acquiring
prospective and under-explored precious metals properties
worldwide. Members of the board of directors have an established
track record of creating significant returns for investors and have
demonstrated access to capital to advance the development of
assets.
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.
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 at
www.sedar.com.
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.
SOURCE Hercules Silver Corp.
