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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (7404)	6/24/2014 10:31:43 PM
From: Goose94	Read Replies (1) \| Respond to of 203526

HRT-V new 52 week high, 24 cents. June 23, '14 - NR Harte Gold Corp. has raised gross proceeds of $1.35-million pursuant to the closing today of its oversubscribed, non-brokered private placement of six million units and four million flow-through units. Units were priced at 12.5 cents each, and consist of one common share and one common share purchase warrant exercisable at 20 cents for a period of 18 months from closing. Flow-through units were priced at 15 cents each, and consist of one common share and one common share purchase warrant exercisable at 20 cents for a period of 18 months from closing. Finders' fees payable in connection with the private placement consist of a cash payment equal to 7 per cent of cash raised, and that number of common share purchase warrants equal to 7 per cent of the number of units and flow-through units issued pursuant to certain orders in the private placement for a total of $58,800 and 451,733 warrants. Each finder's warrant is exercisable at 15 cents for a period of 18 months from closing. Common share purchase warrants issued under the private placement (unit, flow-through unit and finders' warrants) are subject to an acceleration clause. In the event the closing price of Harte Gold common shares is equal to or greater than 30 cents for a period of 10 consecutive trading days, Harte Gold may accelerate the expiry date of the warrants by giving notice to the holders thereof through the issuance of a press release. In such case, the warrants will expire on the 30th day after the date on which such notice is given. Proceeds from the private placement will finance the summer 2014 drill program, development work related to the advanced exploration project at Harte Gold's 100-per-cent-owned Sugar Zone property and general corporate purposes. The phase 2 induced polarization/magnetometer survey (see news release dated June 2, 2014) is now complete, and, pending completion of the compilation report, results will be released prior to the Harte Gold annual general and special meeting to be held this Thursday, June 26, 2014.