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. > Appian had a competing bid..

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Comment by kitsune1on Dec 08, 2021 1:33pm

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Post# 34211231

RE:Appian had a competing bid..

After exhaustively pursing negotiations with the parties, it became apparent that DIPfinancing proposal from 833 Ontario would not only provide the Company with a greater DIP financing, but also would have a significantly lower interest rate compared to the Appian proposal and would not require any financing fees whereas the Appian proposal would include a material“Structuring Fee”.

hmm.. those who have kept track of Appian-Harte deals know how cut-throat they can get with interest rates and "structuring fees"..

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