Business
Harvest Gold Announces an up to $1.4 Million Flow Through Financing for Drilling at Emerson
(TheNewswire) Vancouver, British Columbia – TheNewswire - December...
About this update from Harvest Gold Corporation
[{"type":"text","content":"Harvest Gold Announces an up to $1.4 Million Flow Through Financing for Drilling at Emerson\n \n \n (TheNewswire)\n \n \n \n \n \n \n Vancouver, British Columbia –\n \n \n TheNewswire -\n \n \n December 1, 2021 ‑ Harvest Gold\nCorporation\n \n \n (TSXV:HVG) (“\n \n \n Harvest\n \n \n Gold\n \n \n ” or the\n“\n \n \n Company\n \n \n ”) announces that,\n \n \n subject to the\napproval of the TSX Venture Exchange (the “\n \n \n Exchange\n \n \n ”),\n \n \n it intends to complete a non-brokered private\nplacement (the “\n \n \n Private\nPlacement\n \n \n ”) of flow-through units (the\n“\n \n \n FT Units\n \n \n ”) to raise total gross proceeds of up to\n$1,400,000.\n \n \n \n \n \n \n The Company proposes to\nissue FT Units at $0.125 per FT Unit. Each FT Unit will consist of one\nflow-through common share (“\n \n \n Share\n \n \n ”) and one-half of one Warrant with\neach whole Warrant exercisable at a price of $0.20 per Share for a\nperiod of two years,\n \n \n provided that if the\nclosing price of the Company’s Shares on the Exchange (or such other\nexchange on which the Company’s Shares may become traded) is\n \n \n $0.40\n \n \n or greater per Share\nduring any fifteen (15) non-consecutive trading day period after June\n1, 2022, the Warrants will expire at 4:00 p.m. (Pacific time) on the\n30th day after the date on which the Company provides notice of such\naccelerated expiry to the holders of the Warrants.\n \n \n \n \n All securities issued in the Private Placement will be\nsubject to the Exchange hold period, plus a hold period of four months\nand one day following the closing date of the Private\nPlacement.\n \n \n \n Finder’s fees may be payable in accordance with the policies of the\nExchange.\n \n \n \n \n \n The Company intends to\nuse the gross proceeds of the Private Placement for its first drill\nprogram at Emerson, a 2D IP program at Jacobite and ancillary\nexploration expenses in 2022.\n \n \n \n About Harvest Gold Corporation\n \n \n \n Harvest Gold is focused on the Interior Plateau of\nBritish Columbia exploring for near surface Gold deposits and Copper\nGold Porphyry deposits. Harvest Gold’s board of directors,\nmanagement team and technical advisors have collective geological and\nfinanc...