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Message: Harte Announces $1,684,000 Initial Closing Under Private Placement

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Harte Announces $1,684,000 Initial Closing Under Private Placement

posted on Dec 23, 10 09:45AM
TORONTO, ONTARIO--(Marketwire - Dec. 23, 2010) - HARTE GOLD CORP. ("Harte") (TSX VENTURE:HRT)(FRANKFURT:H4O) has raised gross proceeds of $1,684,000 and issued 2,245,333 flow through common shares pursuant to the initial closing of a non-brokered private placement of up to 4 million flow through common shares priced at $0.75. Final closing is scheduled for December 30, 2010. Finder's fees payable in connection with the private placement consist of a cash payment equal to 6% of cash raised and that number of common share purchase warrants equal to 6% of the flow through common shares issued pursuant to certain orders in the private placement, for a total of $6,675 and 8,900 warrants. Each Finder's warrant is exercisable into one common share on payment of $0.75 for a period of 12 months from closing.

Read more: http://www.digitaljournal.com/pr/189833#ixzz18wjLVRp9

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