By Devika Patel
Knoxville, Tenn., May 27 - Harte Gold Corp. said it will raise C$5.5 million in a non-brokered private placement of units and stock. The company raised C$3.88 million in the first tranche.
The company is selling 45 million units at C$0.10 apiece. It sold 38,797,000 units in the initial tranche. Each unit consists of one common share and half-share warrant, with each whole warrant exercisable at C$0.15 for 18 months.
The company also is selling 8 million flow-through common shares at C$0.125 per share.
Harte Gold is a gold company based in Toronto.
| Issuer: | Harte Gold Corp.
|
| Issue: | Units of one common share and one half-share warrant, flow-through common shares
|
| Amount: | C$5.5 million
|
| Settlement date: | May 27 (for C$3,879,700)
|
| Agent: | Non-brokered
|
| Stock symbol: | TSX Venture: HRT
|
| Stock price: | C$0.13 at close May 26
|
| Market capitalization: | C$7.84 million
|
|
|
| Units
|
| Amount: | C$4.5 million
|
| Units: | 45 million
|
| Price: | C$0.10
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.15
|
|
|
| Flow-through stock
|
| Amount: | C$1 million
|
| Shares: | 8 million
|
| Price: | C$0.125
|
| Warrants: | No
|
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