EXPM:HRTFF - Post by User
Post by
revelation182on Jul 12, 2018 10:08pm
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Post# 28310096
Re: Permits
Re: PermitsSprott Executives must have discussed this issue with Harte Executives before closing this deal .
Therefore this is a trust situation ...... Do you trust the Sprott Executives who made this decision to hand over this money IF your answer is no Jr Mining in NW Ontario is in very serious trouble .
Toronto – June 1, 2018 - HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O)announces it has closed the US$70 million debt financing package with Sprott Private Resource Lending (Collector), L.P.(“Sprott”) and Appian Natural Resources Fund (“Appian”). For further details on the financing, please see the press release dated May 3, 2018.
Proceeds from the financing will be used to complete construction of the Sugar Zone Project and to fund working capital in support of commercial production. Harte Gold has issued 14 million common share purchase warrants, exercisable at $0.49 to $0.51 per common share, for a period of five years from the date of issuance.
Highly Experienced Harte Director !
Michael W. Scherb, BBA, MFin
Mr. Scherb is the Founder and General Partner of Appian Capital Advisory LLP, the investment advisor to the Appian Natural Resources Fund (“Appian”) which holds a 19.99% share ownership in Harte Gold. Mr. Scherb started his career structuring foreign investment into Beijing and China in 2001 and took part in the country’s rapid rise. He joined JPMorgan’s metals and mining team in London post this, where we worked on $185 billion worth of metals and mining transactions with a focus on strategic advisory to mining companies as it related to growth, corporate advisory and shareholder returns. Mr. Scherb holds a BBA and a Masters in Finance.