Business
Harvest Gold Announces Closing of Non-Brokered Private Placement with Crescat Capital Llc Participating as Lead Investor
(TheNewswire) Vancouver, British Columbia – TheNewswire - September 27 ,...
About this update from Harvest Gold Corporation
[{"type":"text","content":"Harvest Gold Announces Closing of Non-Brokered Private Placement with Crescat Capital Llc Participating as Lead Investor\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British Columbia –\n \n\n TheNewswire -\n \n\n September 27\n \n\n ,\n \n\n 2024 ‑ Harvest Gold Corporation\n \n (TSXV: HVG) (“\n \n Harvest\n \n\n Gold\n \n ” or the “\n \n Company\n \n ”) announces that, further\nto its news releases of September 10, 2024 and September 23, 2024, and\nsubject to the final approval of the TSX Venture Exchange (the\n“\n \n Exchange\n \n ”), it has closed\nits non-brokered private placement (the “\n \n Private Placement\n \n ”) issuing\n10,625,000 units of the Company (the “\n \n Units\n \n ”) at $0.04 per Unit raising total gross proceeds of\n$425,000.  On September 20, 2024, the Company closed its Private\nPlacement of flow-through units (the “\n \n FT Units\n \n ”) issuing 1,960,000 FT Units at $0.05 per FT Unit\nraising gross proceeds of $98,000.  The Company has raised a total of\n$523,000 in both closings.\n \n\n Crescat Capital LLC, as lead investor in the Private Placement,\npurchased 5,000,000 Units bringing their non-diluted ownership of\nHarvest Gold common shares to approximately 18.90%.\n \n\n Rick Mark, President and CEO states: “Crestcat’s continued support\nof our district scale three property package in the Urban Barry region\nof Quebec, now largely controlled by Gold Fields, is the best signal\nwe can send to the market that this opportunity is worthy of\nattention. We also appreciate Crescat’s ongoing input into our\nexploration planning.”\n \n\n Each Unit issued in the Private Placement consists of one common share\nin the capital of the Company (a “\n \n Share\n \n ”) and one transferable common share purchase warrant\n(a “\n \n Warrant\n \n ”).  Each\nWarrant entitles the holder to purchase one additional Share at a\nprice of $0.07 for a period of two years from the closing (the\n“\n \n Closing Date\n \n ”) of the\nPrivate Placement.\n \n\n Richard Mark, CEO and a director of the Company, and Len Brownlie, a\ndirector of the Company, each purchased 272,500 Units, Christopher P.\nCherry, CFO and a director of the Comp...