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Harte Gold closes US$70M debt financing to advance Sugar Zone project

Harte Gold Corp. closed a previously announced US$70 million debt financing package with Sprott Private Resource Lending (Collector) LP and Appian Natural Resources Fund.

The proceeds are earmarked for the construction of the company's Sugar Zone gold project in Ontario, and to fund working capital in support of commercial production.

The company issued 14 million share purchase warrants, exercisable at between 49 cents and 51 cents apiece for a period of five years from the issuance date, according to a June 1 release.