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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 30, 2021 6:35pm
125 Views
Post# 32911057

RE:RE:RE:New Gold deal

RE:RE:RE:New Gold deal
Fredfudpucker00 wrote: Ulsterscot, I'm not much at links. If I could I would. Maybe someone else can bring MudCreeker's posted comments over.Thanks.


How about I just cut and paste them here too? 

Someone was asking for an explanation of the participation warrants and stuff so I gave my $.02 worth.  Glad FredFud found it worth reading, but it's just an amateur's take on it.  Your mileage may vary.

"New Gold bought 14.9% of Harte's shares in a PP which triggered some things in Harte's agreement with Appian. Appian had a right to participate in any PP in order to maintain their percentage, as well as a right to claim 35% of the proceeds of any PP towards repayment of the debt they hold. In exchange for not exercising those rights, Harte gave Appian enough warrants to maintain their ownership percentage (if exercised). But if Appian exercises those warrants, that will dilute New Gold's 14.9% stake, so Harte gave New Gold enough warrants to maintain their position in the event that Appian exercises.

Basically, they just made sure that all of the dilution this deal represents will be borne by the other investors."
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