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.

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Harte Gold Corp. > Appian had a competing bid..

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Comment by kitsune1on Dec 08, 2021 3:12pm

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Post# 34211684

RE:RE:RE:Appian had a competing bid..

Doubtful as Appian offer came after SLR showed their interest for a credit-bid transaction.

In any case, any future competing bid under SISP would be for a complete asset take over as proposed by SLR. The fact that Appian holds a substantial portion of the current shares provides them no advantage in such a calculation. All that matters for any bidder is the prercieved value of the assets and liabilities included in the "stalking horse" bid. And that's where SLR holds an edge over Appian: (i) they are a mine operator and (ii) they acquired the BNPP loan on a non-zero discount. They also have a higher voice in the secured creditor's approval vote required to complete the CCAA process.

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