Harvest Gold Corporation
(HVG – TSX.V) March 15, 2007 (the “Company”) is pleased
to announce a non-brokered private placement financing of up to
2,000,000 units
at a price per unit of $0.15 for gross proceeds of $300,000. Each unit
will
consist of one common share and one-half of one common share purchase
warrant.
Each whole warrant will be exercisable into one common share for a
period of one
year from the closing of the placement at an exercise price of $0.20 per
share.
The financing is subject to regulatory approval.
The proceeds from the offering will be used to accelerate the Company’s
Rosebud
Mine project in Nevada. The Rosebud Mine Project covers the Rosebud Mine
property and 54 claims covering approximately 1,115 acres. The property
package
is in northwest Nevada approximately five miles to the south of the
Hycroft mine
which produced more than 1,000,000 oz of gold and 2,000,000 oz of
silver.
In addition, the Company is pleased to announce that, in accordance with
the
Company’s stock option plan, it has granted to certain of its directors,
officers and consultants incentive stock options to purchase up to an
aggregate
of 1,200,000 common shares exercisable on or before March 15, 2012 at a
price of
$0.20 per share.
Harvest Gold Corporation is a gold focused exploration company working
in
Nevada, USA and Manitoba, Canada. In Nevada, the Company is exploring a
large
generative gold property at Garcia Flats in the South Carlin Trend, an
advanced
property with a gold-silver resource at the Longstreet Mine, in Northern
Nye
County, and the Rosebud Mine Project, a past producing mine in northwest
Nevada.
Harvest is also exploring claims in Manitoba, Canada at the Rice Lake
Gold Belt
near Bissett and the Rocky Ridge Gold property in the Lac du Bonnet
mining
district, and is Joint Ventured with Canadian Gold Hunter Corp (CGH.TSX)
at the
Assean Lake Gold Project.
For further information contact Keith
Patey, Director of Communications of
Harvest Gold Corp. at 1-866-816-0118
or
604-986-2020
ON BEHALF OF THE BOARD
Rick Mark
CEO & Chairman
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For more information on the Garcia Flats
project
CLICK HERE |
For more information on the Rosebud project
CLICK HERE |
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