Halcones Precious: Staged Share Issuance Enhances Polaris Project Exploration

Halcones Precious Metals Corp. (TSXV: HPM) has announced a revised share issuance schedule for the acquisition of the Polaris Project, which could have significant implications for the company's exploration plans and shareholder value. The new agreement, superseding the original letter agreement, reduces the number of Halcones shares issued at closing and spaces out the issuance over time. This strategic move aligns with Halcones' exploration and development plans for the Polaris Project and demonstrates the optionor's confidence in the project's potential.



The revised share issuance schedule is as follows:
- 15 million Halcones shares on the closing of the Polaris Option Transaction
- 20 million Halcones shares on such date that is 8 months from the closing of the Polaris Option Transaction
- 15 million shares in the capital of Halcones on such date that is 12 months from the closing of the Polaris Option Transaction

Each tranche of Halcones shares will be subject to a statutory four-month hold period. Ian Parkinson, Halcones' CEO, commented on the willingness of the optionor to receive their Halcones shares over a period of 12 months, stating that it is a strong sign of belief and support in the Polaris Project. Halcones has agreed to complete a minimum of 2,000 meters of drilling on the Polaris project within 12 months of obtaining the necessary permits and approvals to do so.



The staged share issuance aligns with Halcones' exploration and development plans for the Polaris Project in several ways:
1. Exploration and Drilling Commitment: Halcones has agreed to complete a minimum of 2,000 meters of drilling on the Polaris project within 12 months of obtaining the necessary permits and approvals. This commitment demonstrates the company's intention to actively explore and develop the project.
2. Staged Share Issuance: The staged share issuance over a period of 12 months allows Halcones to manage its capital structure more effectively. By issuing shares in tranches, the company can better align its share issuance with its exploration and development milestones, reducing the dilution impact on existing shareholders.
3. Support from the Optionor: The willingness of the optionor to receive their Halcones shares over a period of 12 months is a strong sign of belief and support in the Polaris Project. This indicates that the optionor is confident in Halcones' ability to successfully explore and develop the project.
4. Exploration Plan: Halcones has defined a number of very interesting targets on the Polaris Project and looks forward to closing the transaction and commencing with their exploration plan. This statement further emphasizes the company's commitment to exploring and developing the project.

In conclusion, the revised share issuance schedule for Halcones Precious Metals Corp. enhances the company's exploration plans for the Polaris Project by allowing for better capital structure management, demonstrating the optionor's confidence in the project, and committing to active exploration and development activities. As Halcones continues to advance the Polaris Project, investors should monitor the company's progress and potential implications for shareholder value.