Velocity Minerals Ltd
Change company Symbol lookup
Select an option...
VLCJF Velocity Minerals Ltd
IBM International Business Machines Corp
FSRXU Finserv Acquisition Corp II
ASPCU Alpha Capital Acquisition Co
EXPD Expeditors International of Washington Inc
NMIH NMI Holdings Inc
$NQUSS40301035EURT Nasdaq Small Cap Radio and TV Broadc
EPAY Bottomline Technologies Inc
QFTA Quantum FinTech Acquisition Corp
HON Honeywell International Inc
Go

Materials : Metals & Mining | Small Cap Growth
Based in Canada
Company profile

Velocity Minerals Ltd. is a Canada-based mineral exploration company. The Company is engaged in the business of acquiring, exploring, and evaluating mineral resource properties in Bulgaria. The Company has a 70% interest in the Tintyava property, which includes the Rozino gold project; a 70% interest in the Momchil property, which includes the Obichnik gold project, and a 100% interest in the Iglika property. The Company also has an option agreement to earn a 70% interest in the Makedontsi gold project. The Rozino project lies within the municipality of Ivaylovgrad in southeast Bulgaria, approximately 350 kilometers (km) by road east-southeast of the capital, Sofia, and 85 km by road from Gorubso's gold processing plant. The Obichnik project is located in southeast Bulgaria, approximately 25 km by road from Gorubso's gold processing plant. The Makedontsi deposit is located in southeast Bulgaria, approximately 10km by road from Gorubso Kardzhali A.D.’s gold processing plant.

Closing Price
$0.2541
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
0

10-day average volume:
4,533
0

Hercules Capital Further Strengthens Its Capital Resources With New $100.0 Million Multi-Currency Credit Facility

6:00 am ET November 10, 2021 (BusinessWire) Print

Hercules Capital, Inc. (NYSE: HTGC) ("Hercules" or the "Company"), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that effective November 9, 2021, it has entered into a new $100.0 million multi-currency credit facility with Sumitomo Mitsui Banking Corporation ("SMBC").

SMBC has committed a total of $100.0 million in credit capacity subject to borrowing base, leverage and other restrictions. The new credit facility also includes an uncommitted accordion feature expandable up to $150.0 million. The interest rate applicable to borrowings under the new credit facility is LIBOR plus 1.875% and the advance rate under the new credit facility is a maximum of 75% against eligible loans. The new credit facility matures in November 2026, including a 12-month amortization period.

"With the announcement of our recent 5-year 2.625% investment grade bond offering totaling $325.0 million and our new credit facility with SMBC, we continue to reduce our cost of capital while improving operational flexibility," said Seth Meyer, chief financial officer of Hercules. "This new credit facility is multi-currency, with improved pricing and flexibility and longer maturity. We thank SMBC for their support of our industry-leading franchise."

For additional information, please review the Company's current report on Form 8-K, to be filed with the Securities and Exchange Commission ("SEC"), which will include the completed transaction documents.

About Hercules Capital, Inc.

Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology, life sciences and sustainable and renewable technology industries. Since inception (December 2003), Hercules has committed more than $12.8 billion to over 540 companies and is the lender of choice for entrepreneurs and venture capital firms seeking growth capital financing. Companies interested in learning more about financing opportunities should contact info@htgc.com, or call 650.289.3060.

Hercules Capital, through its wholly owned subsidiary, Hercules Adviser LLC ("Hercules Adviser"), also maintains an asset management business through which it manages investments for external parties ("Adviser Funds"). Hercules Adviser is registered as an investment adviser under the Investment Advisers Act of 1940.

Hercules' common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol "HTGC." In addition, Hercules has one retail bond issuance of 6.25% Notes due 2033 (NYSE: HCXY).

Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act of 1933, as amended, and Section 21E(b)(2)(B) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports we file under the Exchange Act.

The information disclosed in this press release is made as of the date hereof and reflects Hercules' most current assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from time to time in its filings with the SEC. Although Hercules believes that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Hercules assumes no obligation to update the forward-looking statements for subsequent events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211110005328/en/

SOURCE: Hercules Capital, Inc.

Michael Hara
Investor Relations and Corporate Communications
Hercules Capital, Inc.
650-433-5578
mhara@htgc.com
comtex tracking

COMTEX_396657539/1006/2021-11-10T06:00:00

Earnings Calendar and Events Data provided by |Terms of Use| © 2022 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2022. All rights reserved.