Toronto, ON: HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to announce it has closed the credit agreement with BNP Paribas (the “Credit Agreement”) for US$72.5 million. Including the Appian investment of US$10 million announced June 12, 2019, gross proceeds of US$82.5 million were raised.
Stephen G. Roman, President and CEO of Harte Gold, commented “We are pleased to introduce BNP Paribas, a Tier One global bank, as partner to Harte Gold. The Credit Agreement further validates the Sugar Zone Mine economics and significantly lowers interest costs, providing additional financial flexibility to continue ramp-up to 800 tonnes per day.”
Proceeds of the Credit Agreement will be used for general corporate purposes and the refinancing of existing indebtedness of the Company.