ONTARIO – Harte Gold Corp. has closed its previously announced $25-million financing. The company intends to use the proceeds to accelerate exploration and development work at its 100% owned Sugar Zone property at White River, 60 km east of the Hemlo gold camp.
The financing consisted of two parts: a $15-million bought deal offering of 38.5 million flow-through shares priced at $0.39 each and a concurrent $10-million private placement of 33.3 million shares at $0.30 per share. Cantor Fitzgerald Canada took up the larger portion, and a subsidiary of Appian Natural Resources Fund took the balance.
Earlier this year, Harte Gold announced the discovery of the Wolf zone at Sugar Zone. The new find lies between 140 and 450 metres below surface and includes four mineralized sections.
Click here to read Harte’s November 2016 corporate presentation.