Toronto, ON: HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to announce that it has signed a binding agreement with ANR Investments 2 B.V. (“Appian”) providing for up to US$30 million in financing (the “Financing Agreement”) and closed a related US$9.5 million Private Placement (as defined below). The Private Placement is part of the financing package to facilitate a restart of the Sugar Zone mining operation, as previously announced on July 1, 2020.
The Company has been in contact with its work force and expects to restart operations on or around July 17. A phased approach will be taken to restart the mine, starting with mine development and backfill. The Company expects to resume to full operations by the end of July.
Sam Coetzer, President and CEO of Harte Gold, commented, “With the first tranche of the financing completed, we are mobilizing our work force to site in a safe and orderly manner. We have received an overwhelmingly positive response from our employees, who are eager to return and excited to start.”