Harte Gold Corp. T.HRT

RE:RE:RE:March $27 million

[justrelax2]

Fredfudpucker00 wrote: JR, I believe these shares can be used for exploration also. Was this money already owed to Redpath for previous work,or something else? All  my friends are at work or not in rotation yet so I haven't anything yet. Hope startup goes well.

HARTE GOLD CORP.161 Bay Street, Suite 2400Toronto, Ontario, M5J 2S1Tel: [phone]Fax: [phone]Harte Gold Closes Final Tranche ofPrivate Placement ofFlow-Through SharesToronto–March19,2020-HARTEGOLDCORP.(“Harte Gold”or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to announce, further to its announcement on March 11, 2020,that it has completedits brokered private placement (the “Offering”) of flow-through common shares of the Company (“Flow-Through Shares”). The Flow-Through Shares were issued in two tranches, the first tranche consistingof 120,937,495 Flow-Through Shares and the finaltranche consistingof 47,812,505, at an issue price of $0.16per Flow-Through Share, respectively. The total proceeds raised under the Offering were$27million.Appian Natural Resources Fund (“Appian”), through its wholly-owned subsidiary,ANR Investments B.V. acquired 41,218,343 common sharesin connection with the Offeringto maintain its approximately 24.4% pro rata interestin the Company.The gross proceeds from the Offering will be used to fund continued mine development, including vertical development at the Sugar Zonemineand advancingto the Middle Zone.The Flow-Through Shares will qualify as “flow-through shares”(within the meaning of subsection 66(15) of the Income Tax Act (Canada)). The gross proceeds from the Offering will be used by the Company to incur eligible “Canadian development expenses”as such term is defined in the Income Tax Act(Canada) (the “Qualifying Expenditures”) related to the Company’s assets in Ontario no later than June 30, 2021. All Qualifying Expenditures will be proportionately renounced in favour of the subscribers of the Flow-Through Shares effective on several dates ending no later than June 30, 2021.The Offering has been conditionally approved by the TorontoStock Exchange (“TSX”) but remains subject to final TSX approval. The Flow-Through Shares issued in connection with the Offering will be subject to a hold period in Canada of four months and one day from the date of issuance