Hercules Silver Announces Management Appointment
HERCULES SILVER ANNOUNCES
MANAGEMENT APPOINTMENT
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.
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For further information:
Chris Paul, CEO & Director, Telephone +1 (604) 449-6819, Email:
CO: Hercules Silver Corp.
CNW 16:15e 02-NOV-22