Harte Gold Upsizes Previously Announced Bought Deal Private Placement to $30.8 Million Due To Increased Flow Through Demand
December 18, 2017
HARTE GOLD CORP. (“Harte Gold”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to announce an increase in the size of its previously announced Bought Deal Private Placement financing to include additional flow-through proceeds of $3.8 million for aggregate gross proceeds of $30.8 million (the “Upsized Offering”). The Upsized Offering consists of an additional 6,720,357 in FT Shares (as defined below) for a total issuance of 63,805,765 common shares of the Company.
The Upsized Offering will consist of two tranches. The first tranche will consist of 55,299,694 Common Shares and will be issued at a price of C$0.47 per Common Share. The second tranche will consist of 8,506,071 common shares of the Company that qualify as “flow-through shares” for the purposes of the Income Tax Act (Canada) (“FT Shares”) and will be issued at a price of C$0.56 per FT Share. The Company has granted Cantor Fitzgerald an option to purchase up to an additional 15% of Common Shares and FT Shares in the capital of the Company to be sold pursuant to the Offering, exercisable at any time prior to the Closing Date, for additional gross proceeds of up to approximately C$4.6 million.