Hercules Announces Share Consolidation
HERCULES ANNOUNCES SHARE CONSOLIDATION
Vancouver, BC, January 21, 2024 – Hercules Resources Corp. (CSE: HERC) (“ Hercules” or the
“Company”) announces that it intends to consolidate the common shares of the Company (each, a
“Share”) on the basis of ten (10) pre-consolidation Shares for one (1) post-consolidation Share (the
“Consolidation”).
The Consolidation will become effective at the op ening of the market on January 24, 2025. The
symbol “HERC” will remain the same. The new CU SIP number will be 42710G206 and its new ISIN
number will be CA42710G2062 for the post-Conso lidation Shares. Currently, a total of 26,655,620
Shares are issued and outstanding. Accordingly, up on the Consolidation becoming effective, a total
of 2,667,562 Shares, subject to adjustments for roun ding, will be issued and outstanding. Where the
exchange results in a fractional share, the number of Shares will be rounded up to the nearest whole
Share. The exercise or conversion price and/or the number of Shares issuable with respect to any of
the Company's outstanding converti ble securities will be proportionately adjusted in connection
with the Consolidation. There is no maximum number of authorized Shares.
Odyssey Trust Company has confirmed that all Shares held by registered shareholders as of the
record date on January 24, 2025 are held in DRS and that it will mail new DRS to the shareholders.
The board of directors is proceeding with the Cons olidation on the basis that it may provide the
Company with increased flexibility to seek addi tional financing opportunities. The Consolidation
remains subject to the policies of the Canadian Securities Exchange.
About Hercules:
Hercules is a Canadian resource exploration comp any engaged in the acquisition, exploration and
development of high potential mineral assets with the aim to develop concessions into production.
The company is dedicated to delivering value to its stakeholders through innovation, operational
excellence, and sustainable practices. For more information, visit www.herculesresourcescorp.com.
Michael Smith, President, and Chief Executive Officer
(855) 791-GOLD (4653)
Neither the Canadian Securities Exchan ge nor its Regulation Services Provider (as that term is defined in the
policies of the Canadian Securities Exchange) accepts re sponsibility for the adequa cy or accuracy of this
release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release contains forward-looking statements. All statements, other than statements of historical fact
that address activities, events, or developments that th e Company believes, expects or anticipates will or may
occur in the future, are forward-look ing statements. Forward-looking statem ents in this news release include
statements with respect to the Consolidation and the an ticipated effective date of the same. There can be no
assurance that such statements will prove to be ac curate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements. The Company disclaims any intention or obligati on to update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise, except as
required by law.