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Harte Gold raises C$4.1M in private placement to fund Sugar Zone work

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Harte Gold raises C$4.1M in private placement to fund Sugar Zone work

Harte GoldCorp. has raised gross proceeds of about C$4.1 million followingthe July 20 closing of a nonbrokered private placement of 13.5 million units at30 cents per unit.

Each unit comprises 1 common share and 1 common sharepurchase warrant. Each warrant is exercisable at 35 cents for two years fromclosing. Finder's fees payable for the placement consist of a cash paymentequal to 5% of cash raised on certain orders, totaling C$154,500.

JJR Private Capital, through a subsidiary, subscribed for 10million units for gross proceeds of C$3.0 million, making JJR a new strategicshareholder of the company.

Proceeds from the placement will fund exploration work atHarte Gold's SugarZone property.