Harfang Completes Flow-Through Financing

Executive Summary

• Harfang Exploration Inc. completed a non‑brokered private placement of 11,441,104 flow‑through common shares for gross proceeds of $1,125,000.
• Shares were issued at two price tiers: 3,809,524 Quebec FT Shares at $0.105 each and 7,631,580 Ontario FT Shares at $0.095 each.
• Proceeds will be used to advance exploration projects in Québec and Ontario; the issuance is subject to a four‑month‑plus‑one‑day hold period and TSX Venture Exchange approval.

Key Details

• Total shares issued: 11,441,104 flow‑through common shares.
• Pricing breakdown:
• Quebec FT Shares – 3,809,524 shares @ $0.105 per share.
• Ontario FT Shares – 7,631,580 shares @ $0.095 per share.
• Gross proceeds: $1,125,000.
• Use of proceeds: Fund exploration activities across the Company’s Québec and Ontario project portfolio.
• Finder’s fees: Paid to third‑party intermediaries in the form of 1,058,823 common shares of Harfang.
• Hold period: All securities subject to a lock‑up of four months and one day.
• Regulatory condition: Offering pending approval by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were included in the release.)