Harte Gold Announces $25 Million Financing
November 24, 2016
$15 million Bought Deal Flow-Through Share Offering and
Fully Subscribed $10 million Common Share Private Placement
HARTE GOLD CORP. (“Harte Gold”) (TSX: HRT / OTC: HRTFF / Frankfurt: H40) is pleased to announce it has entered into strategic financing arrangements to accelerate exploration and development work at the Sugar Zone property located in White River, Ontario.
The financing consists of a $15 million Bought Deal offering of flow-through common shares priced at $0.39 per flow-through common share (the “Flow-Through Offering”) with Cantor Fitzgerald Canada Corporation (“Cantor Fitzgerald”) and a concurrent $10 million private placement financing of common shares priced at $0.30 per common share (the “Private Placement”) with Appian Natural Resources Fund (“Appian”) through its wholly owned subsidiaries, for gross proceeds of $25 million at a blended average price of $0.35 per common share equal to a 37% premium over the closing price of Harte Gold common shares on the Toronto Stock Exchange (“TSX”) on November 23, 2016. The private placements are expected to close on or before December 14, 2016 (the “Closing”) subject to TSX approval.