Harte Gold Closes Flow Through Tranche of Bought Deal Financing
December 22, 2017
HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to announce that it has successfully closed the flow through share (“FT Share”) tranche of its Bought Deal Private Placement announced on December 12, 2017, and upsized on December 18, 2017 (the “Upsized Offering”), for total gross proceeds of $5,477,910.
Pursuant to the Upsized Offering, the Company issued a total of 9,781,982 FT Shares, including the full exercise of the underwriters’ option, at a price of C$0.56 per FT Share. The Company expects to close the common share tranche of the Upsized Offering shortly.
The Company plans to use the gross proceeds from FT Shares issued for continued near mine and regional exploration at the Company’s Sugar Zone Property.