Deal funds acquisition of Canasur Gold, exploration, working capital
By Devika Patel
Knoxville, Tenn., Sept. 12 – Harvest Gold Corp. said it raised C$1.19 million in the first tranche of a private placement of units.
The company sold 23,724,000 units of one common share and one warrant at C$0.05 per unit.
The warrants are each exercisable at C$0.10 for two years. The strike price reflects a 150% premium to the Sept. 9 closing share price of C$0.04.
Proceeds will be used for the costs of the company’s recently completed acquisition of Canasur Gold Ltd., exploration of the company’s newly acquired mineral properties in Suriname and general working capital.
Harvest Gold is a Vancouver, B.C.-based gold mining company.
| Issuer: | Harvest Gold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1,186,200
|
| Units: | 23,724,000
|
| Price: | C$0.05
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.10
|
| Settlement date: | Sept. 12
|
| Stock symbol: | TSX Venture: HVG
|
| Stock price: | C$0.04 at close Sept. 9
|
| Market capitalization: | C$324,450
|
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