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Harte Gold Corp Raises $2,865,120 Under Private Placement


Thursday, 27 Dec 2012 05:00pm EST 

Harte Gold Corp announced the final closing of its non-brokered private placement announced December 4, 2012. Harte raised total gross proceeds of $2,865,120 under the two closings, which will be used to fund exploration, permitting and technical studies associated with advanced exploration at the Company's 100% owned Sugar Zone property and, general corporate purposes. Subsequent to the initial closing of the private placement announced December 4, 2012 and due to investor demand, Harte applied for and received TSX approval to increase the amount of funds to be raised under the Flow Through Unit offering from $2,000,000 to $2,350,000. Pursuant to the final closing, Harte Gold issued 567,000 Units at $0.15 per Unit for gross proceeds of $85,050. Each Unit consists of one common share and one-half common share purchase warrant. Each full warrant is exercisable at $0.25 for a period of 18 months from closing. Harte also issued 3,159,588 Flow-Through Units at $0.17 per Flow Through Unit for gross proceeds of $537,130. Each Flow Through Unit consists of one flow-through common share and one-half common share purchase warrant. Each full warrant is exercisable at $0.25 for a period of 18 months from closing. 

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