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

To: Goose94 who wrote (44808)	6/11/2018 10:05:48 AM
From: Goose94	Read Replies (1) \| Respond to of 203382

Harvest Gold (HVG-V) June 11, '18 closed the first tranche of a non-brokered private placement issuing a total of 6.6 million units at a price of five cents per unit, raising gross proceeds of $330,000. Each Unit consists of one common share and one transferable common share purchase warrant exercisable at $0.10 per share for a period of two years. Insiders of the Company subscribed for a total of 1,000,000 Units, with Richard Mark, President, CEO and a director of the Company, subscribing for 500,000 Units; Christopher P. Cherry, CFO and a director of the Company, subscribing for 400,000 Units; and Edward Zablotny, a director of the Company, subscribing for 100,000 units. As a result, the Private Placement is a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101")). The Company relied upon the "Issuer Not Listed on Specified Markets" and "Fair Market Value Not More Than $2,500,000" exemptions from the formal valuation and minority shareholder approval requirements, respectively, under MI 61-101. The Company paid finder's fees of 8% cash and 8% warrants related to Leede Jones Gable Inc. and Haywood Securities Inc. investors. The net proceeds will be used as follows: $31,500 will be used to pay JV partner, Evrim Resources, which is the amount agreed to regarding the extension provided to meet year one related exploration commitments (see News release of April 16, 2018) and the remainder will be set aside for upcoming Joint Venture exploration expenditures at Cerro Cascaron in Mexico. ON BEHALF OF THE BOARD OF DIRECTORS Rick Mark, President and CEO Harvest Gold Corporation For more information please contact: Rick Mark or Jan Urata @ 604.682.2928 or info@harvestgoldcorp.com harvestgoldcorp.com