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HARVEST GOLD CORPORATION ANNOUNCES CLOSING
OF FINANCING
May 24, 2006
Vancouver, British
Columbia, Canada. May 24, 2006. Harvest Gold Corporation (HVG -
TSX-V) (the “Company”) is pleased to announce that it has closed its private
placement previously announced March 17, 2006. The Company has raised $330,000
through the issuance of 2,200,000 units at a price of $0.15 per unit, each unit
consisting of one common share and one share purchase warrant. Each warrant
entitles the holder thereof to purchase one common share of the Company at a
price of $0.22 expiring May 9, 2007. The Company issued 66,800 units as
finders’ fees in connection with the financing. These units are on the same
terms as the placement units.
All securities
issued in connection with the financing are subject to a four month hold period
expiring September 10, 2006.
Proceeds from this
financing will be used for exploration activities on the Company’s Rice Lake
Gold Belt properties in Manitoba and to investigate additional gold
opportunities in Nevada, USA.
Harvest Gold
Corporation is a mineral exploration company focused on the acquisition and
development of gold and gold-silver exploration opportunities in Canada and the
United States. Presently the Corporation has option agreements on the Longstreet
Mine Gold/Silver Property in Nye County, Nevada, USA and two Gold Properties in
the Rice Lake Gold Belt near Bissett, Manitoba. It also has a 40% interest in
the Assean Lake Gold Property, operated by JV partner Canadian Goldhunter (CGH-T).
For more
information call (604)986-2020 or toll free 1-866-816-0118, or visit
www.harvestgoldcorp.com.
On Behalf of the
Board of Directors,
Harvest Gold
Corporation
Richard Mark
Chairman &
Director
The TSX Venture Exchange does not
accept responsibility for the adequacy
or accuracy of this News Release
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