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. > However - the suspense is not totally over

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Comment by BobTheKnob2on Nov 22, 2021 10:50pm

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Post# 34155489

RE:RE:RE:RE:RE:However - the suspense is not totally over

MudCreeker wrote:

remedy wrote: Should of added, they paid BNP dollar for dollar, no discount for bad debt.
...$$.

Can you tell us where you got that piece of information? All I see in their release is that they didn't pay a premium.

"The consideration did not exceed the
outstanding principal and interest balance."

When I read this part "The consideration did not exceed the outstanding principal and interest balance." It says to me that Silver Lake paid somewhere between a penny and 100% of principal + interest outstanding.

Let's face facts, not just the BNPP's First Lien debt, but also Appian's Convertible debt were both in default. I have never seen any distressed debt trade close to full value.

Silver Lake did not pay full value, they purchased Harte's debt at a discount - guaranteed.

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