Business
Harfang Exploration Sells Its Selbaie Property
MONTREAL, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Harfang Exploration Inc. (“Harfang”) (TSX-V: HAR) is pleased to announce the sale to Goldseek Resources Inc. (“Golds
About this update from Harfang Exploration, Inc.
[{"type":"text","content":" MONTREAL, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Harfang Exploration Inc. (“Harfang”) (TSX-V: HAR) is pleased to announce the sale to Goldseek Resources Inc. (“Goldseek”) (CSE: GSK) of its Selbaie Property. The Selbaie Property, located 12 kilometres east of the past producing copper-zinc-silver-gold Selbaie Mine in Québec consists of six (6) mining claims covering a portion of the eastern flank of the Brouillan pluton and adjacent volcanic rocks. The last previous recorded work was surface geophysical surveying conducted by LaSalle Exploration Corp. in 2015. “We are pleased to complete this transaction with Goldseek on the Selbaie Property. The Harfang team is focused on advancing our core gold projects in James Bay and northeastern Ontario and gearing up to accelerate activities on our lithium projects in the James Bay region. We wish the Goldseek team all the best and look forward to hearing about their progress”, said Ian Campbell, President and Chief Executive Officer of Harfang. Transaction Terms Pursuant to an agreement dated February 6, 2023 between Harfang and Goldseek, Goldseek has agreed to pay to Harfang $5,000 in cash, issue to Harfang 600,000 common shares (the “Goldseek Shares”) at a deemed price of $0.04 per Goldseek Share and grant to Harfang a 2% net smelter returns royalty, half of which may be bought-back at any time for $1,000,000. The Goldseek Shares will be subject to the applicable hold periods in accordance with securities laws in Canada and the policies of the Canadian Securities Exchange. Qualified Person The technical information in this news release was prepared and approved by François Huot, P.Geo, Vice President Exploration of Harfang, who is a non-independent qualified person for the technical disclosure as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. About Harfang Exploration Inc. Harfang Exploration Inc. is well financed with approximately $8.24 M in the treasury as of October 31, 2022 and is a technically driven mineral exploration company with the primary mission to discover ore deposits in Québec and Ontario. Harfang 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 dedicated to best practices through engag...