Harvest GOLD Announces Closing of First Tranche of Non-Brokered Private Placement of Flow-Through Units and Increase IN HARD Dollar Private Placement
HARVEST GOLD ANNOUNCES CLOSING OF FIRST TRANCHE OF
NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH UNITS
AND INCREASE IN HARD DOLLAR PRIVATE PLACEMENT
Vancouver, British Columbia / September 2 3, 2024 - Harvest Gold Corporation (TSXV:
HVG) (“ Harvest Gold” or the “ Company”) announces that, further to its news release of
September 10, 2024 and subject to the final approval of the TSX Venture Exchange (the
“Exchange”), it has closed the first tranche of its non- brokered private placement (the “ Private
Placement”) issuing 1,960,000 flow-through units of the Company (the “FT Units”) at $0.05 per
FT Unit raising total gross proceeds of $98,000.
Each FT Unit issued in the Private Placement consist s of one flow-through common share in the
capital of the Company (a “ Share”) and one transferable common share purchase warrant (a
“Warrant”). Each Warrant entitles the holder to purchase one additional Share at a price of $0.07
for a period of two years from the closing (the “Closing Date”) of the Private Placement.
The Company paid finder’s fees of $1,750 cash and 35,000 finder’s warrants (the “ Finder’s
Warrants”) to Raymond James Ltd. in connection with the closing of the Private Placement. The
Finder’s Warrants are non-transferable and exercisable at $0.07 per Share until the Expiry Date.
The Company intends to use the proceeds raised from the issuance of FT Units to incur Canadian
exploration expenses (the “Qualifying Expenditures”) on its projects in Quebec prior to December
31, 2024. The FT Units will qualify as flow -through shares for purposes of the Income Tax Act
(Canada). The C ompany will renounce said expenditures to the investors for the taxation year
ending December 31, 2024.
All securities issued pursuant to the Private Placement are subject to the Exchange Hold Period
and a four -month and one day hold period pursuant to securities laws in Canada expiring on
January 21, 2025.
The Company is also pleased to announce that, subject to approval of the Exchange, it has
increased the hard dollar component of its Private Placement from up to 10,000,000 units (the
“Units”) at $0.04 per Unit for gross proceeds of up to $400,000 to up to 10,625,000 Units at $0.04
for gross proceeds of up to $425,000. Each Unit will consist of one Share and one Warrant, with
each Warrant exercisable at $0.07 per Share for a period of two years from the Closing Date.
The Company anticipates using certain proceeds of the Private Placement of Units to pay property
payments of $35,000 to EGR Exploration Ltd. and $51,500 to Vior Inc., a final payment of $52,500
to Novatem, Inc. of Quebec and for general working capital.
HARVEST GOLD CORPORATION
Suite 400 – 1681 Chestnut Street
Vancouver, BC V6CJ 4M6
T: (604) 737-2303
F: (604) 737-1140
W: www.harvestgoldcorp.com
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About Harvest Gold Corporation
Harvest Gold is focused on exploring for near surface gold deposits and copper -gold porphyry
deposits in politically stable mining jurisdictions. Harvest Gold’s board of directors, management
team and technical advisors have collective geological and financing experience exceeding 400
years.
Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 329 claims
covering 17,539.25 ha , located approximately 45-70 km east of Osisko -Gold Fields Windfall
Deposit.
Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay
and Abitibi territories. 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 [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward Looking Information
This news release includes certain statements that may be deemed "forward looking statements".
All statements in this news release, other than statements of historical facts, that address events or
developments that Harvest Gold expects to occur, are forward looking statements. Forward
looking statements are statements that are not historical facts and are generally, but not always,
identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur.
Although the Company believes the expectations expressed in such forward- looking statements
are based on reasonable assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in the forward-looking statements. Factors that
could cause the actual results to differ materially from those in forward looking statements include
market prices, exploitation and exploration successes, and continued availability of capital and
financing, and general economic, market or business conditions. Investors are cautioned that any
such statements are not guarantees of future performance and actual results or developments may
differ materially from those projected in the forward -looking statements. Forward looking
statements are based on the beliefs, estimates and opinions of the Company’s management on the
date the statements are made. Except as required by securities laws, the Company undertakes no
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obligation to update these forward -looking statements in the event that management's beliefs,
estimates or opinions, or other factors, should change.
The securities referred to in this news release have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the “U.S. Securities Act”), or any applicable securities laws of any state of
the United States, and may not be offered or sold within the United States or to, or for the account or benefit
of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act) or persons in the United
States unless registered under the U.S. Securities Act an d any other applicable securities laws of the United
States or an exemption from such registration requirements is available.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities
within any jurisdiction, including the United States. Any public offering of securities in the United States must
be made by means of a prospectus containing detailed information about the company and management, as
well as financial statements.