Harte Gold secures $10 mln from Appian Natural Resources Fund
Toronto mining company Harte Gold Corp (TSX: HRT) has raised $25 million in a deal flow-through share offering and private placement. The latter, which accounted for $10 million, was provided by Appian Natural Resources Fund, a metals and mining private equity fund managed by U.K.-based Appian Capital Advisory. With the deal, Appian will be entitled to own up to 19.9 percent of Harte's outstanding common shares and nominate up to two board members. The funds raised will be used to accelerate exploration and development of the company's Sugar Zone property located in White River, Ontario.
24 November 2016•6 mins read
