Harte Gold Corp. T.HRT

RE:news post

[Talkn2John]

makemoneynow wrote: Harte Gold Closes Private Placement & Announces Strategic Investor Toronto – July 21, 2016 - HARTE GOLD CORP. (“Harte Gold”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) has raised gross proceeds of $4,050,000 pursuant to the closing on July 20, 2016 of a non-brokered private placement of 13,500,000 Units (“Units”) priced at $0.30 per Unit. Each Unit consists of one common share and one common share purchase warrant exercisable at $0.35 for a period of two years from Closing. Finder’s fees payable under the private placement consist of a cash payment equal to 5% of cash raised pursuant to certain orders, for a total of $154,500. Harte Gold is pleased to announce that JJR Private Capital (“JJR”), through one of its subsidiaries, has subscribed for 10,000,000 Units, for gross proceeds of $3,000,000. Stephen G. Roman, President and CEO of Harte Gold, commented “We are very pleased to welcome JJR Private Capital as a new strategic shareholder of Harte Gold. JJR’s strong management team has a successful track record of identifying emerging growth companies. JJR’s entrepreneurial spirit and established relationships in the investment community in North America and overseas will serve Harte Gold well as we accelerate the pace of exploration at the Sugar Zone property and move towards commercial production.” “Our investment in Harte Gold is in line with JJR’s proven strategy of making early investments to sponsor high quality management teams with significant growth potential and unique market opportunities,” said Ron Schmeichel, Chairman of JJR. Proceeds from the private placement will fund exploration work on the Company’s Sugar Zone Property, the fully permitted 70,000 tonne Advanced Exploration Bulk Sample Project and, commercial production permitting.

Perhaps this is a first step towards a mill?