Business
Harvest Gold Announces Its Intial Exploration Financing for Its Three 100% Owned B.C. Properties
(TheNewswire) Vancouver, British Columbia - TheNewswire - November 13, 20...
About this update from Harvest Gold Corporation
[{"type":"text","content":"Harvest Gold Announces Its Intial Exploration Financing for Its Three 100% Owned B.C. Properties\n \n \n (TheNewswire)\n \n \n \n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire -\n \n \n November 13, 2020 - Harvest Gold\nCorporation (TSXV:HVG)\n \n \n (\"\n \n \n Harvest\n \n \n Gold\n \n \n \" or the\n\"\n \n \n Company\n \n \n \") announces that, subject to the approval of the TSX\nVenture Exchange (the \"\n \n \n Exchange\n \n \n \"),\n \n \n it\nintends to complete a non-brokered private placement (the\n\"\n \n \n Private\nPlacement\n \n \n \") of units (a \"\n \n \n Unit\n \n \n \") and\nflow-through units (the \"\n \n \n FT Units\n \n \n \") to raise total gross proceeds\nof up to $900,000. The Company will determine the breakdown of Units\nand FT Units to be issued up to a maximum combination of 5,000,000\nUnits and FT Units.\n \n \n \n \n Unit Financing\n \n \n \n \n The Unit financing will be completed at $0.15 per Unit.\n \n \n The Company proposes to issue Units at $0.15\nper Unit. Each Unit will consist of one common share (a\n\"\n \n \n Share\n \n \n \") and one transferable warrant with each warrant (a\n\"\n \n \n Warrant\n \n \n \") exercisable at a price of $0.25 for a period of two\nyears,\n \n \n provided that in the event that 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 $0.35\n \n \n or greater per Share\nduring any fifteen (15) trading day period at any after the closing\ndate, the Warrants will expire at 4:00 p.m. (Vancouver, BC time) on\nthe 30th day after the date on which the Company provides notice of\nsuch accelerated expiry to the holders of the Warrants.\n \n \n \n \n FT Units Financing\n \n \n \n \n The FT Unit financing will be completed at $0.22 per FT\nUnit.\n \n \n The Company proposes to issue FT Units at\n$0.22 per FT Unit. Each FT Unit will consist of one flow-through\ncommon share and one Warrant with each Warrant exercisable at a price\nof $0.30 for a period of two years,\n \n \n provided\nthat in the event that the closing price of the Company's Shares on\nthe Exchange (or such other exchange on which the Company's Shares may\nbecome traded) is\n \n \n $0.44\n \n \n or\ngreater per Share during any fifteen (15) trading day period after the\nclosing date, the Warrants will expire a...