Harvest Gold Announces Closing of Non-Brokered Private Placement
NOT FOR DISTRIBUTION OR DISSEMINATION TO THE UNITED STATES
Harvest Gold Announces Closing of Non-Brokered Private Placement
Vancouver, BC – June 30, 2021 – Harvest Gold Corporation ( “Harvest Gold ” o r t h e “Company”)
(TSXV: HVG) is pleased to announce that, subject to the approva l of the TSX Venture Exchange (the
“Exchange”), it has closed its non-brokered private placement (the “ Private Placement ”) issuing
4,938,750 units (each a “Unit”) at a price of $0.20 per Unit raising total gross proceeds of $987,750.
Each Unit consists of common share (each a “ Share”) in the capital of the Company and one-half of one
transferable common share purchase warrant (each whole warrant a “Warrant”). Each Warrant entitles the
holder to purchase one additional Share of the Company (a “Warrant Share”) at an exercise price of $0.30
per Warrant Share for a period of two years from the closing date of the Private Placement, provided that in
the event that the closing price of the Company’s Shares on the Exchange (or such other exchange on
which the Company’s Shares may become traded) is $0.50 or great er per Share during any twenty (20)
consecutive trading day period at any time subsequent to four m onths and one day after the closing date,
the Warrants will expire at 4:00 p.m. (Vancouver time) on the 3 0th day after the date on which the
Company provides notice of such accelerated expiry to the holders of the Warrants.
No finder’s fees or commissions were paid in connection with the Private Placement.
The Company will use the proceeds from the Private Placement for exploration on the Company’s Emerson,
Goathorn and Jacobite projects in Central British Columbia, con sultation with First Nations in the area of
the Company’s mineral projects, shareholder and investor commun ications, and general administrative
expenses.
All securities issued in the Private Placement are subject to a statutory hold period expiring four months
and one day from the closing date of the Private Placement. Add itional resale restrictions and legends may
apply in the United States and other jurisdictions.
Richard J. Mark, President, CEO and a director of the Company, subscribed for 150,000 Units, Christopher
P. Cherry, CFO and a director of the Company, subscribed for 10 0,000 Units, Joel Matheson, a director of
the Company, subscribed for 25,000 Units, Ed Zablotny, a direct or of the Company, subscribed for 20,000
Units and Patrick Donnelly, a director of the Company, subscribed for 20,000 Units.
As such, their participation constitutes a “related party trans action” as defined under Multilateral
Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-10 1”). Such
participation is exempt from the formal valuation and minority shareholder approval requirements of MI
61-101 as neither the fair market value of the Units acquired b y the insiders, nor the consideration for
the Units paid by such insiders, exceed 25% of the Company’s market capitalization.
ON BEHALF OF THE BOARD OF DIRECTORS
Rick Mark,
President and CEO
Harvest Gold Corporation
HARVEST GOLD CORP.
Suite 400 – 1681 Chestnut Street
Vancouver, BC V6J 4M6
T: (604)737-2303
F: (604) 737-1140
W: www.harvestgoldcorp.com
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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.
The securities referred to in this news release have not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account
or benefit of, U.S. persons absent U.S. registratio n or an applicable exemption from the U.S. registration
requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any
securities. 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.