By Laura Lutz
Washington, Feb. 12 - Harte Gold Corp. plans to raise up to C$7.2 million from a private placement of units.
The company intends to sell up to 24 million units of one share and one half-share at C$0.30 per unit. Each whole warrant will be exercisable at C$0.45 for 18 months.
D & D Securities Co. will act as lead broker.
Of the proceeds, C$5 million will be used to acquire the remaining 51% interest in the company's Sugar Zone property. The rest will be used for exploration and development of the property and for working capital.
Harte is a gold company based in Toronto.
| Issuer: | Harte Gold Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$7.2 million
|
| Units: | 24 million
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.45
|
| Broker: | D & D Securities Corp. (lead)
|
| Pricing date: | Feb. 12
|
| Stock symbol: | TSX Venture: HRT
|
| Stock price: | C$0.33 at close Feb. 12
|
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