Harte Announces $788,250 Final Closing Under Private Placement
December 31 2010 - 4:30PM
Marketwired
HARTE GOLD CORP. ("Harte") (TSX VENTURE: HRT)(FRANKFURT: H4O) has
raised gross proceeds of $788,250 and issued 1,051,000 flow through
common shares pursuant to the final closing of a non-brokered
private placement of up to four million flow through common shares
priced at $0.75 announced December 23, 2010.
Finder's fees payable in connection with the final closing
consist of a cash payment equal to 6% of cash raised and that
number of common share purchase warrants equal to 6% of the flow
through common shares issued pursuant to certain orders in the
private placement, for a total of $23,265 and 31,020 warrants. Each
Finder's warrant is exercisable into one common share on payment of
$0.75 for a period of 12 months from closing.
Harte issued a total of 3,296,333 flow-through common shares at
$0.75 and raised gross proceeds of $2,521,000 under the two
closings which amount will allow Harte to aggressively pursue the
exploration and development of the Sugar Zone Property.
About Harte Gold Corp.
Harte Gold Corp. is a Canadian gold exploration company with
interests in the Sugar Zone and Stoughton-Abitibi properties
located in Ontario, Canada. The Sugar Zone Property is located 60
kilometres east of the Hemlo Gold Camp and holds an NI 43-101
compliant Indicated Resource of 1,117,000 tonnes, grading 8.41 g/t
Au for 302,000 ounces of contained gold and an Inferred Resource of
417,000 tonnes, grading 7.13 g/t Au for 95,000 ounces of contained
gold. Harte is the operator of the Sugar Zone Property and
currently owns a 49% interest with the option to acquire the
remaining 51% for consideration equal to $90,000 every six months
until payment of $2.5 million by May 28, 2012 or $3 million by May
28, 2013. Harte also holds the Stoughton-Abitibi property located
on and adjacent to the Destor-Porcupine Fault Zone in close
proximity to the 2.5 million ounce Holloway-Holt Gold Mine in the
Timmins Porcupine gold camp.
Common Shares Outstanding: 139,568,318
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Harte Gold Corp. Stephen G. Roman President and CEO
416-368-0999 sgr@hartegold.com Harte Gold Corp. David Ellis
Investor Relations Consultant 416-704-0937
davidellis@hartegold.com
Harte Gold Corp (Tier 2) (TSXV:HRT)
Historical Stock Chart
From Jul 2024 to Aug 2024
Harte Gold Corp (Tier 2) (TSXV:HRT)
Historical Stock Chart
From Aug 2023 to Aug 2024