Harte Gold Arranges Comprehensive US$70 Million Debt Financing Package

May 3, 2018

HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to announce it has entered into committed agreements with both Sprott Private Resource Lending (Collector), L.P. (“Sprott”) and Appian Natural Resources Fund (“Appian”) to fully fund the construction of the Sugar Zone Project.  All dollar amounts are quoted in U.S. dollars (“$”).


  • Sprott Facility“: $50 million senior secured debt facility available for drawdown after May 31, 2018, subject to final documentation including standard security arrangements. Closing is expected on or about May 31, 2018 (“Closing Date”) with $20 million available at the Closing Date.
    • 20 month principal holiday and 13 month interest deferral (50%) provides the Company with substantial time to complete commissioning and ramp-up operations.
  • Appian Subordinated Loan“: $20 million subordinated loan to be drawn down beginning on or about May 11, 2018.
  • No additional equity placement required for drawdown of either facility.
  • No hedging, cash sweeps, debt service reserve account or offtake agreement necessary.