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. > Looking Back

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Comment by petersburggrayon Jul 22, 2021 3:04pm

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Post# 33591054

RE:RE:RE:Looking Back

RedBaron your explaination makes sense. Harte is already in default to BNP, lender only given them waiver until July 30th, which was enough time for BNP to put BK sale deal together, at which point BNP forclose on mine and sell it to Appian for tidy profit. By buying mine out of forclosure from BNP, Appian save their equity at expense of all other equity holders. Appian probably lining up seasoned operator to sell mine to at premium after they buy mine out of BK from BNP. Win win for both BNP, and Appian as well as for new owner who get to buy fully permitted and built mine in tier 1 jurisdiction for significant discount to cost of building new mine from scratch.

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