Business
Harfang Exploration Completes a $700,000 Flow Through Private Placement
MONTREAL, March 17, 2023 (GLOBE NEWSWIRE) -- Harfang Exploration Inc. (“Harfang” or the “Corporation”) (TSX-V: HAR) announces today the closing of a non-brokere
About this update from Harfang Exploration, Inc.
[{"type":"text","content":" MONTREAL, March 17, 2023 (GLOBE NEWSWIRE) -- Harfang Exploration Inc. (“Harfang” or the “Corporation”) (TSX-V: HAR) announces today the closing of a non-brokered private placement (the “Offering”) consisting in the issuance of 1,842,106 flow-through common shares at a price of $0.38 per share for an amount of $700,000. All securities issued in connection with the Offering are subject to a hold period of four months and one day. The Offering is subject to the approval of the TSX Venture Exchange. The proceeds of the Offering will be used for our exploration projects in the Eeyou Istchee James Bay region of Québec. Commented Ian Campbell, President and CEO, “We are aggressively pursuing our dual mandate of gold and lithium exploration in the Eeyou Istchee James Bay region of Québec. Our maiden drill program at the Lake Menarik gold property is well underway consisting of approximately 18 holes and we expect initial assay results in April. Furthermore, we are very excited about the upcoming field season which will continue to further advance Lake Menarik and at the same time include a field program evaluating our recently staked lithium projects distributed throughout the region. These highly prospective properties were selected based on our extensive geological knowledge of the region as well as our analyses of the comprehensive Sigeom lake sediment database. This analysis highlighted a number of calculated geochemical anomalies, some of which displayed a similar signature to those proximal to existing lithium deposits in the region. We will also be following up on the pegmatites discovered at the Serpent-Radisson gold property last summer which yielded anomalous lithium, tantalum and cesium results from a brief prospecting program in the unexplored southeastern part of the property.” About Harfang Exploration Inc. Harfang Exploration Inc. is well financed mineral exploration company with approximately $7.2 M in the treasury as of March 1, 2023 and is one of the largest landholders in the James Bay region. Harfang is technically driven with the primary mission to discover ore deposits in Québec and Ontario. The Corporation is managed by an experienced team of industry professionals with a proven track record of success, controls a portfolio of highly prospective projects and has a strong financial position. Harfang is dedica...