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Harte Gold Announces Overnight Marketed Financing

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Harte Gold Announces Overnight Marketed Financing

Toronto: HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to announce that it has entered into an agreement with a syndicate of underwriters consisting of Canaccord Genuity Corp. and Haywood Securities Inc. (the “Co-Lead Underwriters“) on behalf of a syndicate of underwriters, (collectively and together with the Co-Lead Underwriters, the “Underwriters“) to complete a private placement financing of flow-through common shares (the “Flow-Through Shares“) on an overnight marketed basis from the treasury of the Company for gross proceeds of up to C$27 million (the “Offering“).

The size and pricing of the Offering will be determined in the context of the market at the time of entering into a definitive underwriting agreement between the Company and the Underwriters. Appian Capital Advisory LLP (“Appian”), a significant shareholder of the Company, has advised the Company that it is supportive of the Offering and that it intends to participate by purchasing common shares of the Company to the extent of its pro rata interest, which represents approximately 24.4% of the issued and outstanding common shares of the Company.

BNP Paribas, the lender under the Company’s credit agreement, is supportive of Harte Gold’s financing plans and is working with the Company to provide the financial flexibility to allow the Company to continue its focus on improving operations.

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