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Harvest Gold Announces the Closing of a Second Tranche of its Non-brokered Private Placement; Asks JV partner Evrim Resources for Final Drill Budget

06/22/2018


Vancouver, British Columbia / June 22, 2018 Harvest Gold Corporation (TSX.V: HVG) (the “Company”) is pleased to announce that, further to its news release of June 8, 2018, it has closed a second tranche of its non‑brokered private placement (the “Private Placement”) issuing an additional 2,992,000 units (“Units”) at a price of $0.05 per Unit, raising additional gross proceeds of CDN$149,600 for a total of CDN$479,600 gross proceeds raised to this point in the Private Placement. Each Unit consists of one common share and one transferable common share purchase warrant exercisable at $0.10 per share for a period of two years. 

The Company paid finder’s fees of 8% cash and 8% warrants to PI Financial Corp on certain funds. The net proceeds will be set aside for upcoming Joint Venture exploration expenditures at Cerro Cascaron in Mexico.

Harvest has asked JV partner Evrim Resources (TSXV: EVM), whereby Harvest can earn up to 80% of Cerro Cascaron, to provide Harvest with the detailed budget and schedule for the agreed to 3000 metre drill program at the Mexican property.

All securities issued pursuant to the private placement are subject to a statutory four-month hold period.

The securities offered pursuant to the private placement have not been, and will not be, registered under the United States Securities Act of 1933, as amended or any U.S. state securities laws and may not be offered or sold in the United States or to United States persons absent registration or any applicable exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws.  This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

ON BEHALF OF THE BOARD OF DIRECTORS:

Rick Mark,
President and CEO
Harvest Gold Corporation

For more information please contact:

Rick Mark or Jan Urata
@ 604.682.2928 or info@harvestgoldcorp.com

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.