Harvest Gold Boosts Private Placement to $1.1 Million
Vancouver, British Columbia -- November 30, 2020 -- NewsGenie -- Harvest Gold Corporation has increased its non-brokered private placement to raise gross proceeds of up to $1,100,000, pending TSX Venture Exchange approval. This adjustment supersedes the previously announced $900,000 target from November 13, 2020.
The company may issue up to 6,900,000 units, determining the mix between units and flow-through units. Unit pricing is set at $0.15 each, comprising one common share and a transferable warrant. Warrants can be exercised at $0.25 within two years, subject to an accelerated expiry if Harvest Gold's shares hit $0.35 or higher for 15 trading days, expiring 30 days after notice.
Flow-through units are priced at $0.22, each including a flow-through common share and a warrant. These warrants are exercisable at $0.30 for two years, with a similar accelerated expiry clause if share prices reach $0.44 or more for 15 trading days.
Securities issued under this placement will have a four-month hold period. Finder’s fees may be applicable, adhering to Exchange policies.
The raised capital will support initial exploration across Harvest Gold's British Columbia properties, encompassing planning, permitting, Indigenous consultations, airborne geophysics, and reconnaissance drilling at the Emerson property. Funds will also cover due diligence, marketing, and general working capital.
Harvest Gold, led by President and CEO Rick Mark, focuses on gold and copper-gold porphyry deposits within British Columbia's Interior Plateau. The company's team combines extensive geological and financing expertise.