Harvest Gold arranges $500,000 private placement

Executive Summary

• Harvest Gold Corp. announced a non‑brokered private placement of up to 6,666,667 units at C$0.075 per unit, targeting gross proceeds of up to C$500,000.
• Each unit includes one common share and one transferable warrant exercisable at C$0.12 per share for two years after closing.
• Proceeds are earmarked for exploration work (prospecting, mapping, geochemistry) in the Mosseau and LaBelle areas and for general working capital.

Key Details

• Placement Size: Up to 6,666,667 units.
• Price per Unit: C$0.075.
• Maximum Gross Proceeds: C$500,000.
• Unit Composition: 1 common share + 1 transferable common share purchase warrant.
• Warrant Terms: Right to acquire one additional share at C$0.12 per share; exercisable for two years post‑closing.
• Use of Proceeds: Exploration expenses on properties in the Urban Barry area (prospecting, mapping, geochemistry) and general working capital.
• Hold Period: All securities subject to a four‑month hold period under Canadian securities laws.
• Finders’ Fees: May be payable to qualified parties.

Notable Quotes

“One of our investors in the recently completed private placement has asked if we would accept a larger investment with the same terms… It will allow us to do prospecting, mapping and geochemistry on areas in the southern part of Mosseau and on LaBelle with the goal of providing new drill targets this year.” – Rick Mark, President & CEO

Materiality Assessment: Non‑Material – Positive.