Harte Gold Announces First Closing of Common Share Tranche for $19 Million
December 29, 2017
HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to announce that it has successfully completed the first closing (“First Close”) of the common share tranche of its Bought Deal Private Placement (“Bought Deal”) announced December 12, 2017 (the “Offering”), including a significant new investment from Orion Mine Finance II LP (“Orion”), for gross proceeds of $19,311,688.
Pursuant to the Offering, the Company issued a total of 41,088,698 common shares of the Company (“Common Shares”) at a price of C$0.47 per Common Share. Upon final closing of the Bought Deal anticipated on or before January 8, 2018, Orion Mine Finance II LP (“Orion”) will hold approximately 7.2% of the Company, after giving effect to Appian Natural Resources Fund maintaining its pro rata shareholding.