The private placement of
- 5,604,000 units (the “Units”) at a price of
$0.25 per unit, for an amount of$1,401,000 , each Unit being comprised of one (1) common share of Harfang and one half (1/2) common share purchase warrant, each whole warrant entitling its holder to subscribe for one (1) common share at a price of$0.40 per share during a 24-month period; and - 3,140,000 flow-through common shares (the “FT Shares”) at a price of
$0.35 per FT Share for an amount of$1,099,000 .
Reporting insiders of the Corporation have participated in the Offering of Units for proceeds of
All securities issued in connection with this Placement are subject to a hold period of four months and one day. The Offering is subject to the approval of the
Finders fees aggregating
The proceeds of the Offering will be used for the exploration expenditures and working capital.
About Harfang
Harfang is a mining exploration company whose primary mission is to discover new gold districts in the province of
Forward-Looking Statements
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Harfang’s periodic reports including the filings made by Harfang from time to time with securities regulatory authorities.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. The securities described herein may not be offered or sold in
Neither
For more information, please contact:
Tel: 514 940-0670 #339
Email : fgoulet@harfangexploration.com
Source:
2020 GlobeNewswire, Inc., source