Harte Gold Corp.

Harte Gold Corp.

June 01, 2015 16:45 ET

Harte Gold Announces Date Change for Annual Meeting of Shareholders

TORONTO, ONTARIO--(Marketwired - June 1, 2015) - HARTE GOLD CORP. ("Harte Gold") (TSX:HRT)(FRANKFURT:H4O)(OTC:HRTFF) announced today it has re-scheduled the date of its annual meeting of shareholders (the "Meeting"). The Meeting has been changed from June 24, 2015 to July 29, 2015 in order to facilitate a request from the Toronto Stock Exchange that Harte Gold seek shareholder approval of the "Heads of Agreement" (the "Agreement") with Technica Mining to mine Harte Gold's 70,000 tonne Bulk Sample announced May 13, 2015. The Meeting will be held at 10:30am at the offices of WeirFoulds LLP, 4100 - 66 Wellington Street West, Toronto Dominion Centre, Toronto, Ontario.

Highlights of the Agreement, Technica will:

  • Mine the 70,000 tonne bulk sample under a $20 million fixed price contract.

  • Receive $5 million of the fixed price contract amount in the form of Harte Gold common shares at $0.15/share, which shares will be held in escrow pending completion of the Bulk Sample.

  • Receive 1/4 warrant/share exercisable at $0.30/share for 18 months following completion of the Bulk Sample.

  • Be responsible for surface works, collaring the portal, underground development and mining work.

  • Have the option to put the shares back to Harte Gold within a 36 month period following completion of the Bulk Sample at a 100% premium provided that any such purchases by Harte Gold account for no more than 25% of Harte Gold's free cash flow.

About Technica Mining

Technica is a Sudbury based Mining Contractor that has become one of the fastest growing, safest mining service providers in Ontario. By focusing on delivering unique mining solutions to meet their clients' toughest challenges, they have demonstrated their ability to deliver safe, quality work to a wide range of work places. The strategy of growing its business outside of mine contracting through the offering of unique financing solutions is the next phase of their strategy to gain an international presence in the mining industry.

About Harte Gold Corp.

Harte Gold Corp. is focused on the exploration and development of its 100% owned Sugar Zone property and is currently permitting an advanced exploration program for the Sugar Zone Deposit. The Sugar Zone property is located 60 kilometers east of the Hemlo Gold Camp and as of February 2011, contains an Indicated Resource of 980,900 tonnes, grading 10.13 g/t for 319,280 ounces of contained gold (uncapped) and an Inferred Resource of 580,500 tonnes, grading 8.36 g/t Au for 155,960 ounces of contained gold (uncapped). The mineral resource was prepared in compliance with NI 43-101. Harte also holds the Stoughton-Abitibi property located on the Destor-Porcupine Fault Zone which is directly adjacent to and on strike of St Andrew Goldfield's Holloway Gold Mine and its high grade "Smoke Deep Discovery" in the Timmins, Ontario Porcupine gold camp.

Common Shares Outstanding: 257,240,532

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

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