Harte Gold Corp. 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.

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Harte Gold Corp. > March 18 News Release About New Gold's Investment

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Post by ballot123on Jul 20, 2021 7:06pm

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Post# 33579344

March 18 News Release About New Gold's Investment

Why do some keep talking about a July default? The NR attending the New Gold investment seemed to reset all BNP terms. Was none of this finalized or do we have strangers trying to plant rumors on this Board. All the doomsayers are new names to me.

Can anyone I trust respond ? Newbees need not reply. Thanks.

No further debt payments would be required to be made in 2021 after the scheduled March 31, 2021 payment.
A total of approximately $50 million in debt payments would be deferred in 2021 and 2022.
Strengthens Harte Gold's liquidity and significantly reduces associated refinancing risk, allowing the Company to focus on continued growth of the operations.
The maturity of the BNP term loan would be extended from June 2024 to June 2025 and the maturity of the revolving loan would be extended from June 2022 to June 2023.