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HARVEST GOLD CORPORATION ANNOUNCES FINANCING
July 17, 2006
Vancouver, British
Columbia, Canada. July 17, 2006. Harvest Gold Corporation (HVG -
TSX-V) (the “Company”) is pleased to announce that it has closed the first
tranche of its non-brokered private placement previously announced on June 16,
2006.
The Company has
raised a total of $742,625 through the issuance of 1,047,777 flow-through shares
and 3,693,500 non-flow through units. Flow-through shares were sold at a price
of 18 cents per common share. Non-flow-through units were sold at 15c cents per
unit. Each unit consists 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 through common share of the Company at a price of 20
cents at any time prior to July 12, 2007.
All securities are
subject to a four month hold period and will expire November 13, 2006.
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.
The Company
will announce the closing of the second and final tranche of this financing by
July 31, 2006.
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
For more information about Harvest Gold Corporation, please review the company’s
web site www.Harvestgoldcorp.com or speak with a Company representative
at
1-866-816-0118 or 604-986-2020.
The TSX Venture Exchange does not
accept responsibility for the
adequacy or accuracy of this News
Release
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