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Thu, March 12, 2009 Harte Gold Corp.: Harte Gold Corp. Corporate Update
TORONTO, ONTARIO--(Marketwire - March 12, 2009) - HARTE GOLD CORP. (TSX VENTURE:HRT)(FRANKFURT:H4O) announces that, it is in the course of a review of the corporate records received from previous management and it appears that no announcement was made as to the closing of a private placement previously announced on December 17, 2008.
Harte confirms that a closing of this placement occurred on December 19, 2008 at which time an aggregate of 890,000 units were issued to arm's length investors yielding gross proceeds of $44,500. Each unit was priced at $0.05 and consisted of one flow-through share and one-half of one warrant, each whole warrant entitling the holder to purchase one additional common share at $0.10 until December 31, 2009. Proceeds of the issue will be used to incur exploration expenses on Harte's Sugar Zone Property in the Hemlo area of northern Ontario. Finder's fees totalling $2,960 and 37,000 compensation units, each consisting of one common share and one-half a warrant upon the same terms as the warrants issued to investors, were paid to two arm's length parties for their services in connection with the placement.
All securities issued are subject to a 4 month hold period expiring April 20, 2009 in accordance with applicable securities laws and the requirements of the TSX Venture Exchange.
About Harte Gold Corp.
Harte Gold Corp. is a Canadian gold exploration company with a corporate mission to become a gold producer in the heart of Canada's Abitibi Gold Belt. Currently, the Company holds a 100% interest in 35 claims of its Stoughton-Abitibi Property which now encompasses 80+ sq km (20,130 acres) of prime geology along the Destor-Porcupine Fault within the world renowned Abitibi Gold Belt. In addition, the Company holds a 49% working interest in the Sugar Zone Property covering an area of 11,560 hectares located 70 km east of the world-famous Hemlo Gold Camp. The Sugar Zone Property holds a NI 43-101 gold resource of 953,600 tonnes grading 9.933 g/t Au.
TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.
