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Harvest Gold Announces The Closing of its Non-Brokered Private Placement With Crescat Capital LLC Participating as Lead Investor
(TheNewswire) Vancouver, British Columbia / April 21, 2025 ‑ TheNewswire - H...
About this update from Harvest Gold Corporation
[{"type":"text","content":"Harvest Gold Announces The Closing of its 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 / April\n21, 2025 ‑\n \n\n TheNewswire -\n \n\n Harvest Gold\nCorporation\n \n (TSXV: HVG) (“\n \n Harvest\n \n\n Gold\n \n ” or\nthe “\n \n Company\n \n ”) is pleased\nto announce that, further to its news release of March 17, 2025, 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 Offering\n \n ”) issuing 24,600,000\nunits of the Company (the “\n \n Units\n \n ”) at $0.025 per Unit raising total gross proceeds of\n$615,000.\n \n\n Crescat Capital LLC, as lead investor in the Offering, purchased\n5,000,000 Units bringing their non-diluted ownership of Harvest Gold\ncommon shares to approximately 18.79%.\n \n\n Harvest Gold President and CEO Rick Mark, states: “We are pleased to\nget this financing completed on time in this tumultuous market\nenvironment. I am encouraged that we were able to add some new, very\nexperienced exploration investors who learned of our Quebec\nopportunity for the first time. Of course, Crescat’s continued\nsupport is very much appreciated and the best signal to the market\nthat our Urban Barry Belt property package is prime for discovery.”\n \n\n Each Unit consists of one common share in the capital of the Company\n(a “\n \n Share\n \n ”) and one common\nshare purchase warrant (a “\n \n Warrant\n \n ”). Each Warrant entitles the holder to purchase one\nadditional Share at a price of $0.05 for a period of three years from\nthe closing (the “\n \n Expiry\n \n\n Date\n \n ”) of the Offering.\n \n\n The Company paid finder’s fees of $625 cash and 25,000 finder’s\nwarrants (the “\n \n Finder’s\n \n\n Warrants\n \n ”) to qualified\nparties in connection with the closing of the Offering. The Finder’s\nWarrants are non-transferable and exercisable at $0.05 per Share until\nthe Expiry Date.\n \n\n All securities issued pursuant to the Offering are subject to the\nExchange Hold Period and a four-month and one day hold perio...