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.

EXPM:HRTFF - Post by User

Harte Gold Corp. > Harte/slr

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Comment by bufordpusseron Nov 27, 2021 12:13pm

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Post# 34172194

RE:RE:RE:RE:RE:RE:Harte/slr

"I can imagine some sort of deal in which HRT issues a gazillion shares to the eventual owner in exchange for the debts being paid off, followed by a gazillion to one rollback, essentially wiping out the value of existing shares. This would likely be agreed to by the rich uncle, because the new owners would still be on the hook for the royalties etc. Existing shareholders would be dilluted to nothing which would suit everyone except existing shareholders."

I am not sure about, New Gold is in the room now.

So was New Gold duped into buying shares?

It doesn't matter, they still have 150 million in their bank account available to hrt to pay off the debt obligations.

And it can be assumed hrt management want to keep their jobs and this would only happen by allowing NGD to call the shots.

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