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Bullboard - Stock Discussion Forum Harte Gold Corp. HRTFF

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... see more

EXPM:HRTFF - Post Discussion

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Post by Fredfudpucker00 on Dec 15, 2021 11:14am

Orion

Can someone explain to me how Orion still has an interest in Harte?
Comment by bufordpusser on Dec 15, 2021 11:35am
https://www.hartegold.com/news/harte-gold-announces-first-closing-of-common-share-tranche-for-19-million/ "Pursuant to the Offering, the Company issued a total of 41,088,698 common shares of the Company (“Common Shares”) at a price of C$0.47 per Common Share. Upon final closing of the Bought Deal anticipated on or before January 8, 2018, Orion Mine Finance II LP (“Orion”) will hold ...more  
Comment by Fredfudpucker00 on Dec 15, 2021 3:54pm
Buford,thanks for info on Orion shares. Thought they had sold them already. Orion has some big funds ,but it seems they are now raising money for their 40% ownership costs to develop Greenstone Gold. They have sold off  many shares of Victoria Gold including sale of warrants. Orion just sold a gold stream on Greenstone Gold toNomad Royalty to also help pay for their capital costs at ...more  
Comment by bufordpusser on Dec 15, 2021 11:48am
I also have to ask why big money was thrown at this based on at the time was 155,960 inferred ounces. I understand the retail investor and that this is gold mining but this seems unreal.  "The Preliminary Economic Assessment dated July 12, 2012, contains an Indicated Resource of 980,900 tonnes, grading 10.13 g/t for 319,280 ounces of contained gold (uncapped) and an Inferred Resource of ...more