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Harte Announces $900,000 Initial Closing Under Private Placement
Published : July 06, 2011
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Keywords :   Canada | Gold | Gold Mine |

TORONTO, ONTARIO--(Marketwire - July 6, 2011) - HARTE GOLD CORP. ("Harte") (TSX:HRT) (FRANKFURT:H4O) has raised gross proceeds of $900,000 and issued 2,250,000 flow through common shares pursuant to the initial closing of a non-brokered private placement of up to 3,125,000 flow through common shares priced at $0.40 for gross proceeds of up to $1.25 million. Final closing is scheduled for July 15, 2011. Proceeds from the private placement will be focused on Harte's Sugar Zone Property in White River, Ontario.

Finder's fees payable in connection with the private placement consist of a cash payment equal to 5% of cash raised and that number of common share purchase warrants equal to 5% of the flow through common shares issued pursuant to certain orders in the private placement, for a total of $28,450 and 71,125 warrants. Each Finder's warrant is exercisable into one common share on payment of $0.40 for a period of 12 months from closing.

About Harte Gold Corp.

Harte Gold Corp. is a Canadian gold exploration company with interests in the Sugar Zone and Stoughton-Abitibi properties located in Ontario, Canada. The Sugar Zone Property is located 60 kilometres east of the Hemlo Gold Camp and holds an NI 43-101 compliant Indicated Resource of 1,117,000 tonnes, grading 8.41 g/t Au for 302,000 ounces of contained gold and an Inferred Resource of 417,000 tonnes, grading 7.13 g/t Au for 95,000 ounces of contained gold. Harte is the operator of the Sugar Zone Property and currently owns a 49% interest with the option to acquire the remaining 51% for consideration equal to $90,000 every six months until payment of $2.5 million by May 28, 2012 or $3 million by May 28, 2013. Harte also holds the Stoughton-Abitibi property located on and adjacent to the Destor-Porcupine Fault Zone in close proximity to the 2.5 million ounce Holloway-Holt Gold Mine in the Timmins Porcupine gold camp.

Common Shares Outstanding: 144,770,063

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Harte Gold Corp.
Stephen G. Roman
President and CEO
416-368-0999
sgr@hartegold.com
or
Harte Gold Corp.
David Ellis
Investor Relations Consultant
416-704-0937
davidellis@hartegold.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

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Harte Gold is a gold exploration company based in Canada.

Harte Gold holds various exploration projects in Canada.

Its main exploration properties are DECKER, SUGAR ZONE, STOUGHTON and SUGAR ZONE/ DAYOHESSARAH in Canada.

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Financings of
7/6/2011Announces $900,000 Initial Closing Under Private Placement
1/12/2006Completes private placement
Nominations of
2/15/2011Retains Roland M. Landry, P.Geo. as Project Manager
Project news of
1/13/2012(Sugar Zone)(HRT:TSX) Sugar Zone Block Model Completed, Deep Drilling Be...
Corporate news of
6/1/2011Provides Project Update and Announces More High Grade Result...
4/5/2011Announces Initial Results From 10,000 Meter Drill Program
2/16/2011Announces Commencement of 10,000 Meter Drill Program and Sig...
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