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Harte Gold Announces Pricing of Overnight Marketed Financing

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Harte Gold Announces Pricing of Overnight Marketed Financing

Toronto: HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to announce that the Company has priced its previously announced overnight marketed private placement of flow-through common shares (the “Flow-Through Shares”). The Company has entered into an underwriting agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and Haywood Securities, and including CIBC Capital Markets and BNP Paribas Canada (collectively, the “Underwriters”) for the sale of 168,750,000 Flow-Through Shares at a price of C$0.16 per Flow-Through Share for gross proceeds of C$27,000,000 (the “Offering”).

Appian Capital Advisory LLP (“Appian”), a significant shareholder of the Company which has a pro rata right pursuant to the terms of an investor rights agreement, participated in 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.

The Flow-Through Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada). The gross proceeds from the Offering will be used by the Company to incur eligible “Canadian development expenses” as such term is defined in the Income Tax Act (Canada) (the “Qualifying Expenditures”) related to the Company’s assets in Ontario no later than June 30, 2021. All Qualifying Expenditures will be proportionately renounced in favour of the subscribers of the Flow-Through Shares effective on several dates ending no later than June 30, 2021.

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