Harte Gold Corp. T.HRT

Primary Symbol: HRTFF

Metals & Mining Gold

Harte Gold Corp is engaged in the acquisition and exploration of mineral resource properties. It is focused on gold properties located in the province of Ontario, Canada. The company's exploration projects consist of sugar zone property and Stoughton Abitibi property. The Sugar Zone Property is located approximately 80 kilometers east of the Hemlo gold camp on the north shore of Lake Superior. It includes approximately 4 mining leases and 336 unpatented mining claims. In addition, it also consists of approximately 29,435 hectares within the Sault Ste. The Stoughton Abitibi property is located approximately 110 kilometers east of Timmins and 50 kilometers northeast of Kirkland Lake.

EXPM:HRTFF - Post by User

Harte Gold Corp. > New Gold deal

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Comment by MudCreekeron Mar 31, 2021 11:05am

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Post# 32913837

RE:RE:RE:RE:RE:New Gold deal

ballot123 wrote: Mudcreeker, what's the old saw? Pigs get fat. Hogs get slaughtered. Do I assume the warrants are at bargain prices? If so how does that pass the test of fairness?

The warrants are actually priced higher than the pp. Not much - $.18 vs $.16 - but higher at least. I'm no expert and really don't have a clue what a fair price would be. I mean, Appian had the right to buy those shres at $.16, and might pay $.18 instead. That doesn't seem outrageous to me.

Another interesting point that seems a bit unusual to me is that Appian can't exercise the warrants for a year, and they expire in 15 months. So they have to be exercised between March 24th and June 24, 2022, or not at all. That would add about $10 milion to Harte's coffers at a time when the inevitable cost over-runs from the 1200tpd expansion will have to be addressed. ($11 million if New Gold also exercises).

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