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Harvest Gold Announces Closing of C$1.38 Million Flow-Through Private Placement
Vancouver, British Columbia – TheNewswire - December 17, 2021 ‑ Harvest Gold Corporation (TSX.V: HVG) (“Harvest Gold” or the “Company”) announces that, subject
About this update from Harvest Gold Corporation
[{"type":"text","content":"Vancouver, British Columbia – TheNewswire - December 17, 2021 ‑ Harvest Gold Corporation (TSX.V: HVG) (“Harvest Gold” or the “Company”) announces that, subject to the approval of the TSX Venture Exchange (the “Exchange”), it has closed its non-brokered private placement (the “Private Placement”) issuing 11,076,000 flow-through units (the “FT Units”) at a price of $0.125 per FT Unit for aggregate gross proceeds of $1,384,500. Each FT Unit consists of one flow-through common share (a “Share”) and one-half of one common share purchase warrant (a “Warrant”) with each whole Warrant exercisable at a price of $0.20 per Share for a period of two years, provided that if the closing price of the Company’s Shares on the Exchange (or such other exchange on which the Company’s Shares may become traded) is $0.40 or greater per Share during any fifteen (15) non-consecutive trading day period after June 1, 2022, the Warrants will expire at 4:00 p.m. (Pacific time) on the 30th day after the date on which the Company provides notice of such accelerated expiry to the holders of the Warrants (the “Accelerated Expiry Provisions”). The Company paid finder’s fees of $50,550, 555,600 finder’s warrants (the “Finder’s Warrants”) and 151,200 Shares to Haywood Securities Inc., Canaccord Genuity Corp., PI Financial Corp., Accilent Capital Management Inc., Echelon Wealth Partners Inc. and Sightline Wealth Management LP. The Finder’s Warrants are non-transferable and exercisable at a price of $0.20 per Share for a period of two years, subject to the Accelerated Expiry Provisions. All securities issued in the Private Placement will be subject to the Exchange hold period, plus a hold period of four months and one day following the closing date of the Private Placement. Richard J. Mark, President, CEO and a director of the Company, subscribed for 200,000 FT Units, Christopher P. Cherry, CFO and a director of the Company, subscribed for 200,000 FT Units, Len Brownlie, a director of the Company, subscribed for 40,000 FT Units, Joel Matheson, a director of the Company, subscribed for 40,000 FT Units, Patrick Donnelly, a director of the Company, subscribed for 16,000 FT Units and Jan Urata, Corporate Secretary of the Company, subscribed for 80,000 FT Units. As such, their participation constitutes a “related party transaction” as defined under Multilateral Ins...