TORONTO, Dec. 22, 2017 (GLOBE NEWSWIRE) -- 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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Harte Gold Corp.
Harte Gold Corp. is focused on the exploration and development of its 100% owned Sugar Zone Property where it has recently completed a 70,000 tonne Advanced Exploration Bulk Sample at the Sugar Zone Deposit and received a Phase I Production Permit. The Sugar Zone Property is located 80 kilometres east of the Hemlo Gold Camp. The Preliminary Economic Assessment dated July 12, 2012, contains an Indicated Resource of 980,900 tonnes, grading 10.13 g/t for 319,280 ounces of contained gold (uncapped) and an Inferred Resource of 580,500 tonnes, grading 8.36 g/t Au for 155,960 ounces of contained gold (uncapped). The mineral resource was prepared in compliance with National Instrument 43-101 guidelines. Harte Gold also holds the Stoughton-Abitibi property located on the Destor-Porcupine Fault Zone adjacent and on strike of the Holloway Gold Mine.
