TORONTO, ONTARIO--(Marketwire - Dec. 24, 2007) - A correction from source is issued with respect to the release disseminated December 24th at 10:54 AM EST. The closing amount of the private placement and the amount of units noted have been restated. The corrected release follows:
HARTE GOLD CORP. (TSX VENTURE:HRT)(FRANKFURT:H4O) - Mr. Robert J. Platt, President & CEO of Harte Gold Corp. (the "Company" or "Harte"), is pleased to announce that Harte has completed a private placement of 2,975,000 Units at a price of $0.20 per Unit. Each Unit is comprised of one (1) common share with "flow-through" tax benefits (a "Flow-Through Share") and one-half (1/2) share purchase warrant ("Share Purchase Warrant"). Each full Share Purchase Warrant grants the holder the right to purchase one (1) Harte non flow-through common share at a price of $0.25 per share on or prior to December 31, 2008. All securities issued under the Offering are subject to a hold period of four (4) months plus one (1) day from the date of closing.
IBK Capital Corp. and HDL Capital Corp. acted as agents for the Offering and were paid a cash commission of 9% of the gross proceeds. The agents also received broker warrants granting the right to acquire 297,500 Units at a price of $0.20 per Unit at any time until 2 years from the date of the issuance of the broker warrants.
Proceeds from the sale of the Flow-Through Shares will be used for exploration and development of Harte's mineral properties.
About Harte Gold Corp.
HARTE GOLD CORP. is a Canadian gold development company with a corporate mission to become a gold producer in the heart of Canada's Abitibi Gold Belt. Currently, the Company holds a 65% interest in its Stoughton-Porcupine Property which now encompasses 3,007 hectares of prime geology along the Destor-Porcupine Fault Zone within the world-renowned Abitibi Gold Belt. The Stoughton-Porcupine Property is located 110 km east of Timmins, 50 km north-east of Kirkland Lake, Ontario and 10 km due east of the Holloway-Holt gold mine and mill in northeastern Ontario. In addition, the Company continues to maintain its 49% interest in its Sugar Zone Property covering an area of 11,560 hectares located 70 km east of the world-famous Hemlo Gold Camp. The Sugar Zone Property holds a NI 43-101 gold resource of 953,600 tonnes grading 9.933 g/t Au.
FOR FURTHER INFORMATION PLEASE CONTACT:
Harte Gold Corp.
Mr. Robert J. Platt
President & CEO
(416) 368-6827 (FAX)