Business
Harvest Gold Corporation Announces Increase in Non-Brokered Private Placement
(TheNewswire) Vancouver, British Columbia - TheNewswire - November 30, 20...
About this update from Harvest Gold Corporation
[{"type":"text","content":"Harvest Gold Corporation Announces Increase in Non-Brokered Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire -\n \n \n November 30, 2020 - Harvest Gold\nCorporation (TSX.V: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 \") and further to its news\nrelease of November 13, 2020,\n \n \n it has increased\nits non-brokered private placement (the \"\n \n \n Private Placement\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 $1,100,000 instead of the previously announced gross proceeds\namount of up to $900,000. The Company will determine the breakdown of\nUnits and FT Units to be issued up to a maximum combination of\n6,900,000 Units and FT Units.\n \n \n \n \n Unit Financing\n \n \n \n \n The Company proposes to issue Units at $0.15 per Unit. \nEach Unit will consist of one common share (a \"\n \n \n Share\n \n \n \") and one\ntransferable warrant with each warrant (a \"\n \n \n Warrant\n \n \n \")\nexercisable at a price of $0.25 for a period of two years,\n \n \n provided that in the event that the closing\nprice of the Company's Shares on the Exchange (or such other exchange\non which the Company's Shares may become traded) is\n \n \n $0.35\n \n \n or greater per Share during any\nfifteen (15) trading day period at any after the closing date, the\nWarrants will expire at 4:00 p.m. (Vancouver, BC time) on the 30th day\nafter the date on which the Company provides notice of such\naccelerated expiry to the holders of the Warrants.\n \n \n \n \n FT Units Financing\n \n \n \n \n The Company proposes to issue FT Units at $0.22 per FT\nUnit. Each FT Unit will consist of one flow-through common share and\none Warrant with each Warrant exercisable at a price of $0.30 for a\nperiod of two years,\n \n \n provided that in the event\nthat the closing price of the Company's Shares on the Exchange (or\nsuch other exchange on which the Company's Shares may become traded)\nis\n \n \n $0.44\n \n \n or greater per\nShare during any fifteen (15) trading day period after the closing\ndate, the Warrants will expire at 4:00 p.m. (Vancouver, BC...