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HRT Harte Gold Corp (Tier 2)

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Share Name Share Symbol Market Type
Harte Gold Corp (Tier 2) TSXV:HRT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Harte Announces $900,000 Initial Closing Under Private Placement

06/07/2011 1:30pm

Marketwired Canada


HARTE GOLD CORP. ("Harte") (TSX:HRT) (FRANKFURT:H4O) has raised gross proceeds
of $900,000 and issued 2,250,000 flow through common shares pursuant to the
initial closing of a non-brokered private placement of up to 3,125,000 flow
through common shares priced at $0.40 for gross proceeds of up to $1.25 million.
Final closing is scheduled for July 15, 2011. Proceeds from the private
placement will be focused on Harte's Sugar Zone Property in White River,
Ontario.


Finder's fees payable in connection with the private placement consist of a cash
payment equal to 5% of cash raised and that number of common share purchase
warrants equal to 5% of the flow through common shares issued pursuant to
certain orders in the private placement, for a total of $28,450 and 71,125
warrants. Each Finder's warrant is exercisable into one common share on payment
of $0.40 for a period of 12 months from closing.


About Harte Gold Corp.

Harte Gold Corp. is a Canadian gold exploration company with interests in the
Sugar Zone and Stoughton-Abitibi properties located in Ontario, Canada. The
Sugar Zone Property is located 60 kilometres east of the Hemlo Gold Camp and
holds an NI 43-101 compliant Indicated Resource of 1,117,000 tonnes, grading
8.41 g/t Au for 302,000 ounces of contained gold and an Inferred Resource of
417,000 tonnes, grading 7.13 g/t Au for 95,000 ounces of contained gold. Harte
is the operator of the Sugar Zone Property and currently owns a 49% interest
with the option to acquire the remaining 51% for consideration equal to $90,000
every six months until payment of $2.5 million by May 28, 2012 or $3 million by
May 28, 2013. Harte also holds the Stoughton-Abitibi property located on and
adjacent to the Destor-Porcupine Fault Zone in close proximity to the 2.5
million ounce Holloway-Holt Gold Mine in the Timmins Porcupine gold camp.


Common Shares Outstanding: 144,770,063

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1 Year Harte Gold Corp (Tier 2) Chart

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