Harmony announces closing of $600,000 Non-Brokered Private Placement
HARMONY GOLD CORP.
#1780 – 355 Burrard St Vancouver, BC V6C 2G8 Tel: 604 608-6611 Fax: 604 608-6620 Trading Symbol: H
Harmony announces closing of $600,000 Non-Brokered Private Placement
Vancouver, British Columbia, October 15, 2012 – Harmony Gold Corp. (TSX-V: H)(the “Company” or “Harmony”) the Company announces it has closed its non-brokered private placement (the “Private Placement”) for total gross proceeds of $600,000 by the issuance of 12,000,000 units (each a “Unit”) at a price of $0.05 per Unit. Each Unit consists of one common share (a “Share”) and one-half of one transferable share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to purchase one common share (a “Warrant Share”) at a price of $0.10 until October 12, 2013, being one year from the closing. The Company paid a finder’s fee of $4,000 to Leede Financial Markets Inc., $36,000 to Canaccord Genuity Corp. and $8,000 to Macquarie Private Wealth Inc.
All securities issued above are subject to a hold period expiring on February 13, 2013, being 4 months and 1 day after closing of the Private Placement.
The Private Placement is being closed in connection with Harmony’s fundamental acquisition (the “Acquisition”) of Pure Energy Minerals Limited (“Pure”), which was announced in the Company’s news release dated August 16, 2012.
Pursuant to an option agreement (the “Option Agreement”) between Pure and GeoXplor Corp., Pure has the option to acquire an 80% undivided interest in AF 1-47 claims, an early stage exploration project, comprised of association placer claims located in Nevada (the “Property”). On closing of the Acquisition the payment obligations under the Option Agreement become Harmony’s obligations.
The proceeds from the Private Placement will be used to meet Property payments for the next six months and for general working capital.
The Acquisition is expected to close shortly and the Company will issue a further news release once it has closed.
HARMONY GOLD CORP.
Per: “Michael Dake”
Michael Dake Chief Executive Officer Telephone: 604 608-6611 E-mail: [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
Cautionary Note Regarding Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented constitutes “forward looking statements”. Such forward-looking statements, including but not limited to those with respect to the closing of the Acquisition, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.