Harte Gold Corp.
TSX VENTURE : HRT
FRANKFURT : H4O
FRANKFURT : H40

Harte Gold Corp.

October 18, 2006 16:10 ET

Harte Gold Corp. Completes $1,383,000 Financing

TORONTO, ONTARIO--(CCNMatthews - Oct. 18, 2006) - Robert Platt, President & CEO of HARTE GOLD CORP. ("Harte") (TSX VENTURE:HRT) is pleased to announce the completion of Harte's previously announced brokered private placement offering (the "Offering") resulting in gross proceeds to Harte of $1,383,000.

Under the Offering, Harte issued 2,843,335 flow-through common shares priced (the "Flow-Through Shares") at $0.30 per share and 2,120,000 common shares (the "Common Shares") priced at $0.25 per share. All securities issued under the Offering are subject to a four-month hold period, which expires on February 17, 2007.

D & D Securities Company acted as agent for the Offering and was paid a cash commission of 7% of the gross proceeds. The agent also received broker warrants to acquire 496,333 common shares at a price of $0.25 per share at any time until 2 years from the date of the closing of the Offering.

Proceeds of $853,000 from the sale of the Flow-Through Shares will be used for exploration and development of Harte's mineral properties. Proceeds of $530,000 from the sale of the Common Shares will be used for general working capital.

The President of Harte sold 2,120,000 common shares at a price of $0.25 per share through the facilities of the TSX Venture Exchange in connection with the Offering. The proceeds from this sale have been used to fund the above purchase of 2,120,000 common shares of Harte Gold Corp. at a price of $0.25 per share.

About Harte Gold Corp.

HARTE GOLD CORP. is an Ontario based Canadian gold company committed to the continued development of its two advanced gold projects located in the Hemlo and Timmins-Kirkland Lake gold areas of northern Ontario, Canada.

TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • HARTE GOLD CORP.
    Robert J. Platt
    President & CEO
    (416) 364-3900
    (416)-368-6827 (FAX)
    Email: info@hartegold.ca