Vancouver, BC,
January 9, 2009
– Harvest Gold Corporation (HVG-TSX:V) (the “Company”) announces that,
subject
to regulatory approval, it has agreed to settle indebtedness totaling
$53,911,
accrued during the three months of October, November and December, 2008,
owing
to certain directors, officers, employees and consultants of the
Company. The
debt will be settled by the issuance of 1,078,220 common shares of the
Company,
with a deemed value of $0.05 per share. The indebtedness includes
monies owing
for consulting services.
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, a
generative gold property at Garcia Flats in the South Carlin Trend and
an
advanced property with a gold-silver resource at the Longstreet Mine, in
Northern Nye County. In Manitoba, Harvest is exploring three groups of
claims in
the Rice Lake Gold Belt of south eastern Manitoba and at Assean Lake,
Manitoba.
On behalf of the
Board of
Directors,
Richard Mark
Chairman and CEO
Harvest Gold
Corporation
For More Information
please
contact :
|
Keith Patey
Director of Communications
Telephone: (604) 986-2020
Toll Free: 1-866-816-0118 |
Dan Boase,
First Canadian
Capital Corp.
dboase@firstcanadiancapital.com
Telephone: (416)
742-5600 ext. 232
Toll Free:
1-866-580-8891 |
The TSX Venture Exchange
does not
accept responsibility for the
adequacy or accuracy of
this News
Release.
|