TORONTO, ONTARIO--(Marketwire - July 25, 2012) - HARTE GOLD CORP. ("Harte") (TSX:HRT)(FRANKFURT:H4O) announced today the final closing of its non-brokered private placement announced June 18, 2012. Harte raised total gross proceeds of $2,064,750 under the two closings, which will be used to fund exploration and permitting and technical studies associated with advanced exploration at the Company's 100% owned Sugar Zone property and, general corporate purposes.
Pursuant to the final closing, Harte issued 750,000 Units for gross proceeds of $187,500 and issued 1,065,833 Flow Through common shares for gross proceeds of $319,750. Each Unit consists of one common share and one-half common share purchase warrant. Each full warrant is exercisable at $0.35 for a period of twelve (12) months from closing.
Finder's fees payable in connection with the final closing of the private placement consist of a cash payment equal to 6% of cash raised and that number of common share purchase warrants equal to 6% of the number of Units and Flow Through common shares issued pursuant to certain orders in the private placement, for a total of $15,078 and 53,310 warrants. Each Finder's warrant is exercisable into one common share on payment of $0.30 for a period of twelve (12) months from closing.
About Harte Gold Corp.
Harte Gold Corp. is focused on the development of its 100% owned Sugar Zone property and is currently permitting an advanced exploration program for the Sugar Zone Deposit. The Sugar Zone property is located 60 kilometres east of the Hemlo Gold Camp. Harte also holds the Stoughton-Abitibi property located on and adjacent to the Destor-Porcupine Fault Zone in close proximity to the 2.5 million ounce Holt-Holloway Gold Mine in the Timmins, Ontario Porcupine gold camp.
Common Shares Outstanding: 172,870,614
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