Dec 21, 2018

WeirFoulds represents Harte Gold in Comprehensive US$70 Million Debt Financing Package

On June 1, 2018, Harte Gold Corp. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) announced it has closed the US$70 million debt financing package with Sprott Private Resource Lending (Collector), L.P. (“Sprott”) and Appian Natural Resources Fund (“Appian”) to fully fund the construction of the Sugar Zone Project.

Proceeds from the financing will be used to complete construction of the Sugar Zone Project and to fund working capital in support of commercial production. Harte Gold also issued 14 million common share purchase warrants, exercisable at $0.49 to $0.51 per common share, for a period of five years from the date of issuance.

WeirFoulds acted for Harte Gold with a team led by Wayne Egan (Corporate/Securities), Steven Rukavina (Corporate/Mining) and Richard Dusome (Banking) that included Vickie Wong (Banking), Conor Dooley and Ann Lattanzio (Securities), Rich Arezes (Real Estate), Adrian Howard and Shawn English (Corporate).

Sprott is one of the largest Canadian investors dedicated to the natural resource sector. The partnership with Harte Gold and Appian on the development of the Sugar Zone mine is consistent with their strategy of providing innovative and flexible capital to development projects providing investors with access to highly-differentiated precious metals and real assets investment strategies.

Appian Capital Advisory LLP is the investment advisor to the Appian Natural Resources Fund LP, a private equity fund that invests solely in mining or mining related companies, assets and management teams across select geographies and commodities.

The Sugar Zone Property (“Sugar Zone”) is located in Ontario, approximately 80 km east of the Hemlo gold camp and 24 km north of White River off the Trans-Canada Highway (#17). The Sugar Zone property is comprised of 83,850 hectares covering a significant greenstone belt. Harte Gold holds a 100% interest the property.

Harte Gold’s Sugar Zone is Ontario’s first high-grade gold mine built in over a decade. Based on estimates, the property could run for 12 years and recover 904,000 oz. gold. The opening of the mine, and its production were featured on the cover of The Northern Miner in Volume 104, Issue 24.

WeirFoulds congratulates Harte Gold, led by one of Canada’s leading mining executives, Stephen Roman (CEO and President) and his management team, Rein Lehari (CFO) and Tim Campbell (VP), on this incredible milestone for the company and very much appreciated the opportunity and is very proud to have played a key advisory role to the Harte team in financing the development and opening of the Sugar Zone gold mine.