RE:Going concern Article was found about her on the web and sadly I lost investment moneys. Which allfit takes over HRT? Is it an Australian mining corporation?
Harte Gold to hold SISP bid auction Jan. 19
2022-01-17 16:46 ET - News Release
Mr. Shawn Howarth reports
HARTE GOLD ANNOUNCES AUCTION IN SALE AND INVESTMENT SOLICITATION PROCESS
As previously announced on Dec. 7, 2021, Harte Gold Corp. was granted creditor protection pursuant to an order granted by the Ontario Superior Court of Justice (Commercial List) under the Companies' Creditors Arrangement Act, RSC 1985, c. C-36, as amended (the CCAA). Pursuant to the initial order, FTI Consulting Canada Inc. was appointed as monitor of the company.
As announced on Dec. 20, 2021, the court granted an order authorizing the company to conduct, with the assistance of the monitor, a sale and investment solicitation process (SISP) in accordance with certain terms and conditions relating thereto. As part of the SISP order, the court approved the company's execution of a subscription agreement with 1000025833 Ontario Inc., a wholly owned indirect subsidiary of Silver Lake Resources Ltd., and the use of the subscription agreement as a stalking horse bid in the context of the SISP, in order to establish the baseline consideration for the company's business and assets. The bid deadline for the submission of qualified bids under the SISP was 5 p.m. (prevailing Eastern Time) on Jan. 14, 2022.
It has been determined that a qualified bid, other than the stalking horse bid, was received pursuant to the SISP procedures and Harte Gold, in consultation with the monitor, shall conduct an auction on Jan. 19, 2022, to determine the successful bid. Following the auction, Harte Gold will apply to the court for an order approving the successful bid.
About Harte Gold Corp.
Harte Gold holds a 100-per-cent interest in the Sugar zone mine located in White River, Canada. The Sugar zone mine entered commercial production in 2019. The company has further potential through exploration at the Sugar zone property, which encompasses 81,287 hectares covering a significant greenstone belt.
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