Vancouver, British Columbia / December 1, 2021 ‑ Harvest Gold Corporation (TSX.V: HVG) (“Harvest Gold” or the “Company”) announces that, subject to the approval of the TSX Venture Exchange (the “Exchange”), it intends to complete a non-brokered private placement (the “Private Placement”) of flow-through units (the “FT Units”) to raise total gross proceeds of up to $1,400,000.
The Company proposes to issue FT Units at $0.125 per FT Unit. Each FT Unit will consist of one flow-through common share (“Share”) and one-half of one Warrant with each whole Warrant exercisable at a price of $0.20 per Share for a period of two years, provided that if the closing price of the Company’s Shares on the Exchange (or such other exchange on which the Company’s Shares may become traded) is $0.40 or greater per Share during any fifteen (15) non-consecutive trading day period after June 1, 2022, the Warrants will expire at 4:00 p.m. (Pacific time) on the 30th day after the date on which the Company provides notice of such accelerated expiry to the holders of the Warrants.
All securities issued in the Private Placement will be subject to the Exchange hold period, plus a hold period of four months and one day following the closing date of the Private Placement.
Finder’s fees may be payable in accordance with the policies of the Exchange.
The Company intends to use the gross proceeds of the Private Placement for its first drill program at Emerson, a 2D IP program at Jacobite and ancillary exploration expenses in 2022.
About Harvest Gold Corporation
Harvest Gold is focused on the Interior Plateau of British Columbia exploring for near surface Gold deposits and Copper Gold Porphyry deposits. Harvest Gold’s board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.
Harvest Gold acknowledges that the Emerson and Goathorn Projects are situated in the traditional territory of the Wet’suet’en Nation while the Jacobite Project is situated in the traditional territory of the Lake Babine Nation. Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.
ON BEHALF OF THE BOARD OF DIRECTORS
Rick Mark
President and CEO
Harvest Gold Corporation
For more information please contact:
Rick Mark or Jan Urata
@ 604.737.2303 or info@harvestgoldcorp.com
