Harvest GOLD Announces the Closing of Its Non-Brokered Private Placement with Crescat Capital Llc Participating as Lead Investor
HARVEST GOLD ANNOUNCES THE CLOSING OF ITS NON-BROKERED PRIVATE
PLACEMENT WITH CRESCAT CAPITAL LLC PARTICIPATING AS LEAD INVESTOR
Vancouver, British Columbia / April 21, 2025 - Harvest Gold Corporation (TSXV: HVG)
(“Harvest Gold” or the “ Company”) is pleased to announce that, further to its news release of
March 17, 2025, and subject to the final approval of the TSX Venture Exchange (the “Exchange”),
it has closed its non-brokered private placement (the “Offering”) issuing 24,600,000 units of the
Company (the “Units”) at $0.025 per Unit raising total gross proceeds of $615,000.
Crescat Capital LLC, as lead investor in the Offering, purchased 5,000,000 Units bringing their
non-diluted ownership of Harvest Gold common shares to approximately 18.79%.
Harvest Gold President and CEO Rick Mark, states: “We are pleased to get this financing
completed on time in this tumultuous market environment . I am encouraged that we were able to
add some new, very experienced exploration investors who learned of our Quebec opportunity for
the first time. Of course, Crescat’s continued support is very much appreciated and the best signal
to the market that our Urban Barry Belt property package is prime for discovery.”
Each Unit consist s of one common share in the capital of the Company (a “ Share”) and one
common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one
additional Share at a price of $0.05 for a period of three years from the closing (the “Expiry Date”)
of the Offering.
The Company paid finder’s fees of $ 625 cash and 25,000 finder’s warrants (the “ Finder’s
Warrants”) to qualified parties in connection with the closing of the Offering. The Finder’s
Warrants are non-transferable and exercisable at $0.05 per Share until the Expiry Date.
All securities issued pursuant to the Offering are subject to the Exchange Hold Period and a four-
month and one day hold period pursuant to securities laws in Canada expiring on August 18, 2025.
The Company anticipates using certain proceeds from the Offering for property exploration expenses
and general working capital. Additionally, the Company expects to use $100,000 in proceeds
received from the Offering to make a property payment to Vior Inc.
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 Crescat Capital LLC
Crescat is a value-driven asset management firm headquartered in Denver, Colorado with a global
macro thematic overlay . The current goal of its activist metals’ strategy is to help exploration
companies create new economic metal deposits in viable mining jurisdictions around the world
ahead of a likely M&A cycle. The company’s investment process involves a mix of asset classes
and strategies to assist with each client’s unique needs and objectives and includes Global Macro,
Long/Short, and Precious Metals funds.
Crescat is advised by its technical consultant, Dr. Quinton Hennigh on investments in gold, silver,
and base-metal resource companies. Dr. Hennigh became an economic geologist after obtaining
his PhD in Geology/Geochemistry from the Colorado School of Mines. He has more than 30 years
of exploration experience with major gold mining firms, including Homestake, Newcrest, and
Newmont.
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 forwa rd looking statements. Forward
looking statements are statements that are not historical facts and are generally, but not always,
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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
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.