NOT FOR DISSEMINATION IN THE USA
Vancouver, B.C., April 5, 2010. Harvest Gold Corporation (TSX.V:
HVG) (the
“Company”) is pleased to announce that it is arranging a non-brokered
private
placement of up to 12,000,000 units at a price of $0.10 per unit for
gross
proceeds of up to $1,200,000.
Each
unit will be comprised of one common share in the capital of the Company
and one
share purchase warrant (a “Warrant”). Each Warrant is exercisable to
purchase
one additional common share over a two-year period at a price of $0.20
per
share, provided that, if at any time, which is more than four months and
one day
following the Closing Date, the volume weighted average trading price of
the
common shares of the Company, as traded on the Exchange, exceeds $0.30
for 20
consecutive trading days, the Company shall have the right to accelerate
the
expiry date of the Warrants to a date which is 30 days following the
date of the
notice.
Finders’ fees may be payable in connection with the private placement in
accordance with the policies of the TSX Venture Exchange. Proceeds of
the
private placement will be used to develop the Rosebud Mine property in
Nevada,
USA, expand the Company’s property portfolio, and for general working
capital.
A
term sheet will be available from the Company. The financing remains
subject to
acceptance by the TSX Venture Exchange.
Harvest Gold Corporation is a mineral exploration company working in
Nevada, USA
and Manitoba, Canada. In Nevada, the Company is exploring the 100%
optioned
Rosebud Mine property, and a generative gold property at Garcia Flats in
the
South Carlin Trend. In Manitoba, Harvest is exploring one group of
claims in the
Rice Lake Gold Belt of south eastern Manitoba and at Assean Lake,
Manitoba.
On
behalf of the Board of Directors,
Rick Mark
CEO
&
Chair
Harvest Gold Corporation
For
More Information please
contact :
Keith Patey
Director of Communications
Telephone: (604) 986-2020
Toll Free: 1-866-816-0118 |
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Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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