Harvest Gold Sells its Suriname Properties
Harvest Gold Sells its Suriname Properties
Vancouver, B C. – July 20, 2018 – Harvest Gold Corporation (TSX.V: HVG) (the
“Company”) announces that it has sold its Suriname mineral project s by selling the
shares of CanaSur Gold Limited (“CanaSur”) to its agent in Suriname (the “Purchaser”)
for US$150,000. The full amount is payable as to US$10,000 on closing and the balance
by way of a promissory note (the “ Note”) for US$140,000 payable in 90-day increments
beginning July 31, 2018 with the final payment due on or before November 1, 2019. The
obligations of the Purchaser under the Note are secured by a pledge of the shares of
CanaSur.
President and CEO Rick Mark states: “After much consideration, the Board has sold its
Suriname assets. We simply were not a ble to get the financing to get our most promising
property, Tibiti, to a drill ready stage in these challenging junior gold markets. Furth er,
the three Suriname properties were costing approximately $10,000 a month to maintain.
That drain to the Company treasury ended in April when negotiations began. We plan to
use the incremental payments to carry our basic public company operating costs, thus
allowing almost all the new money we are raising to go directly to developing our main
asset, the high-grade gold/silver project in Mexico, Cerro Cascaron.
The purchaser, Mr. Jbara, who lives in Suriname, has worked with us over many years to
manage the properties and owns the surface rights at Tibiti . He is uniquely situated to
make this business opportunity work and we thank him for his loyalty over the years and
wish him well.”
About Harvest Gold
Harvest Gold is a mineral exploration company presently advancing its Cerro Cascaron
high grade gold/silver project in Chihuahua State, Mexico, where an initial 3,000 m d rill
program is planned for 2018. The Company has an experienced Board of Directors and
management team whose collective geological and financing experience exceeds 200
years.
ON BEHALF OF THE BOARD OF DIRECTORS
Rick Mark,
CEO
Harvest Gold Corporation
HARVEST GOLD CORP.
Suite 804 – 750 West Pender Street
Vancouver, BC V6C 2T7
T: (604) 682-2928
F: (604) 685-6905
W: www.harvestgoldcorp.com
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For more information please contact:
Rick Mark or Jan Urata
@ 604.682.2928 or [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the polici es
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.