Toronto, ON: HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to announce, further to its announcement on February 18 and 19, 2020, that the Company has completed the first tranche of its previously announced brokered private placement (the “Offering“) of flow-through common shares of the Company (“Flow-Through Shares”) for gross proceeds of $19.35 million. The Company expects to close an additional $7.65 million on or about March 19, 2020, for aggregate gross proceeds of $27 million.
Sam Coetzer, President and CEO of the Company commented: “We would like to thank existing and new shareholders who participated in the Offering. The gross proceeds raised will be used to fund critical mine development, which includes advancing to the Middle Zone and vertical development at the Sugar Zone mine, and allows the Company to access new areas of the mine. With our new site General Manager now in place, the Company is well positioned to execute on its strategy.”