New Issue: Harte Gold completes C$5.27 million private placement of units, stock

By Devika Patel

Knoxville, Tenn., June 11 - Harte Gold Corp. said it took in C$1.4 million in the second and final tranche of a C$5.27 million non-brokered private placement of units and stock. The company raised C$3.88 million in the first tranche on May 27, when it said it planned to raise a total of C$5.5 million.

The company sold 42,742,000 units at C$0.10 apiece. It sold 38,797,000 units in the initial tranche and 3,945,000 units in this one. Each unit consists of one common share and half-share warrant, with each whole warrant exercisable at C$0.15 for 18 months.

Harte Gold also sold 8 million flow-through common shares at C$0.125 per share in the second tranche.

Proceeds will be used for exploration and development of the Sugar Zone Property.

Harte 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$5,274,200
Settlement date:	May 27 (for C$3,879,700), June 11 (for C$1,394,500)
Agent:	Non-brokered
Stock symbol:	TSX Venture: HRT
Stock price:	C$0.13 at close May 26
Market capitalization:	C$7.51 million
Units
Amount:	C$4,274,200
Units:	42,742,000
Price:	C$0.10
Warrants:	One half-share warrant per unit
Warrant expiration:	18 months
Warrant strike price:	C$0.15
Stock
Amount:	C$1 million
Units:	8 million
Price:	C$0.125
Warrants:	No

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.