Harte Gold Announces Initial Closing under Private Placement
October 22, 2018
Toronto, ON: HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) has raised gross proceeds of $5,588,000 and issued 11,282,615 Flow-Through shares pursuant to the initial closing of a non-brokered private placement of up to 19,230,769 Flow-Through Shares priced at $0.52 for gross proceeds of up to $10,000,000.
Finder’s fees payable under the private placement consist of a cash payment equal to 5% of cash raised and that number of common share purchase warrants equal to 5% of the number of Shares issued in connection with certain orders, for a total of $20,410 and 39,250 warrants. Finder’s warrants are exercisable at $0.52 for a period of eighteen (18) months from closing.