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HARVEST GOLD CORPORATION ANNOUNCES FINANCING
June 16, 2006
Vancouver, British Columbia, Canada. June 16, 2006. Harvest Gold Corporation
(HVG - TSX-V) (the “Company”) is pleased to announce that it proposes to raise
up to $1.2 million by the issuance of units at a price of $0.15 per unit (the
“Units”) and flow through common shares at a price of $0.18 per share. Each Unit
will consist of one non-flow through common share and one-half of one share
purchase warrant, with each whole warrant entitling the holder thereof to
purchase one non-flow though common share of the Company at a price of $0.20 for
a period of one year from closing.
The private placement is subject to regulatory approval.
Finder's fees in the amount of 8% in cash, securities or a combination of both
may be paid in conjunction with this placement and in accordance to TSX Venture
Exchange policies. The proceeds of the financing will be used for exploration
activities on the Company’s Rice Lake Gold Belt properties in Manitoba, to
develop its Nevada property portfolio and for general working capital.
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
The TSX Venture Exchange does not accept responsibility for
the
adequacy or accuracy of this News Release |
