By Devika Patel
Knoxville, Tenn., April 22 - Harvest Gold Corp. said it concluded a C$1.3 million non-brokered private placement of units. The deal priced for C$1.2 million on April 5.
The company sold 13 million units at C$0.10 apiece. Each unit consists of one common share and one warrant. Each warrant is exercisable at C$0.20 for two years.
Proceeds will be used to develop the Rosebud Mine property, to expand the company's property portfolio and for general working capital.
Harvest Gold is a Vancouver, B.C.-based gold mining company.
| Issuer: | Harvest Gold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1.3 million
|
| Units: | 13 million
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.20
|
| Agent: | Non-brokered
|
| Pricing date: | April 5
|
| Settlement date: | April 22
|
| Stock symbol: | TSX Venture: HVG
|
| Stock price: | C$0.10 at close April 5
|
| Market capitalization: | C$5.58 million
|
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