EXPM:HRTFF - Post by User
Comment by
Annette909on Nov 07, 2017 5:27pm
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Post# 26921427
RE:Re: Of interest to Retail Investors !
RE:Re: Of interest to Retail Investors !revelation182 wrote: Appian Natural Resource Fund (“Appian”), through its wholly-owned subsidiary, acquired 19,485,574 Common Shares in the Offering for gross proceeds to the Company of $12,081,056. Prior to completion of the Offering, Appian owned, directly or indirectly, an aggregate of 77,321,871 Common Shares representing approximately 17% of the Company’s issued and outstanding Common Shares. Upon closing of the Offering, Appian owns an aggregate of 96,807,445 Common Shares, or approximately 19.6% of the Company’s issued and outstanding Common Shares,"" and is entitled to nominate a second director to Harte Gold’s board."""
The sale of Common Shares to Appian under the Offering was a “related party transaction” as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company was exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the Offering in reliance on sections 5.5(a) and 5.7(a), respectively, of MI 61-101, as the fair market value of the Common Shares issued to Appian did not exceed 25% of the Company’s market capitalization calculated in accordance with MI 61- 101. The material change report is being filed less than 21 days before the closing of the Offering as the participation of Appian in the Offering had not been confirmed until closing of the Offering.
The Easy Part Drill holes in the Ground ........Intelligent Financing ANOTHER STORY
Currently 498, 587 ,014 SP 45 Cents !!
Will steve be around to pour the first gold bar .........Stay Tuned ! Is this new News or the old financing at 62 cents Rev?