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Harte Gold Announces $20 Million Bought Deal Private Placement

24HR GOLD

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Harte Gold Announces $20 Million Bought Deal Private Placement

HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX:HRT)(OTC:HRTFF)(FRANKFURT:H4O) is pleased to announce it has entered into an agreement with a syndicate of underwriters (“the Underwriters”) led by Macquarie Capital Markets Canada Ltd., pursuant to which the Underwriters have agreed to purchase 32,258,500 common shares (“Common Shares”) at a price of $0.62 per Common Share, on a bought deal private placement basis, for aggregate gross proceeds to the Company of approximately $20 million (the “Offering”).

The Company has also granted the underwriters an option to purchase up to an additional 8,065,000 Common Shares in the capital of the Company to be sold pursuant to the Offering, exercisable at any time prior to the Closing Date, for additional gross proceeds of $5 million.

The net proceeds received from the Offering will be used to advance the development of the Sugar Zone Property, for regional exploration, and for general corporate purposes.

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