Harvest Gold Corporation announced a that it has entered into a subscription agreement with new investor Crescat Portfolio Management LLC for purchasing 3,400,000 units at a price of CAD 0.10 per unit for aggregate gross proceeds of CAD 340,000 on December 30, 2021. Each unit will consist of one common share and one common share warrant. Each warrant will be exercisable for one share at a price of CAD 0.20 per share for a period of three years from the date of closing, provided that in the event the closing price of the company's shares on the exchange is CAD 0.50 or greater per share during any 15-non-consecutive-trading-day period after June 15, 2022, the warrants will expire at 4 p.m. Pacific Time on the 30th day after the date on which the company provides notice of such accelerated expiry of the warrants. The transaction is expected to close on December 31, 2021. All securities issued in the transaction will be subject to a hold period in Canada expiring May 1, 2022. In connection with the transaction, the company will grant investor the right to participate in future equity issuances to maintain its then-current ownership position in the company. The participation right will be exercisable for so long as investor holds greater than 3% of the company's outstanding shares.