Harfang Exploration Secures Financial Backing for Future Projects
Harfang Exploration Inc. is thrilled to announce that it has successfully completed a private placement funding round. This important financial milestone saw the issuance of 11,441,104 flow-through common shares, raising a total of $1,125,000 to support the company’s ambitious exploration initiatives.
Details of the Flow-Through Financing
The private placement involved issuing 3,809,524 shares at $0.105, specifically designated as Quebec FT Shares, while 7,631,580 shares were issued at a reduced price of $0.095, termed as Ontario FT Shares. This strategic funding mechanism allows Harfang to channel resources into advancing its extensive portfolio of exploration projects within the promising regions of Québec and Ontario.
Innovative Capital Management
As part of the financing process, the company also recognized the contributions of its supporters, paying finder’s fees which amounted to 1,058,823 common shares to third-party individuals who helped facilitate this transaction. This collaborative financing approach exemplifies Harfang’s commitment to fostering partnerships and engaging with the community and professionals within the mining sector.
Exploration Commitment and Future Prospects
Harfang is dedicated to discovering and developing high-potential mineral deposits. Its management team employs rigorous geoscience methods and a disciplined capital deployment strategy, all while maintaining a focus on sustainable exploration. The professionals steering Harfang’s mission have a diverse range of expertise that drives the company’s growth.
Strategic Acquisitions and Growth
In November 2024, Harfang took a significant step forward by acquiring NewOrigin Gold Corp., thus consolidating their high-quality assets, including vital properties located in the Pickle Lake and Abitibi regions. This acquisition not only enhances Harfang's project portfolio but also strengthens its position in the gold mining sector. The company is keenly focused on maximizing their discovery potential and strategically advancing projects that could lead to valuable mining operations.
Community and Environmental Responsibility
At Harfang, corporate responsibility is not taken lightly. The company prides itself on maintaining strong relationships with local stakeholders and prioritizing environmental stewardship throughout its operations. The exploration efforts are designed to balance economic benefits with ecological preservation, reflecting Harfang's dedication to sustainable mining practices.
Contact Information
For those interested in learning more about Harfang Exploration Inc. or with inquiries about upcoming projects, Rick Breger, the President and CEO, can be reached at:
Rick Breger, P.Geo., MBA
President & CEO, Director
Harfang Exploration Inc.
E: rbreger@harfangexploration.com
T: 514.940.0670
Frequently Asked Questions
What is the purpose of Harfang's recent financing?
The financing is aimed at advancing Harfang's exploration projects in Québec and Ontario.
How many flow-through shares did Harfang issue?
Harfang issued a total of 11,441,104 flow-through common shares during the financing.
What regions are Harfang’s exploration projects located in?
Harfang is focused on exploration projects primarily located in Québec and Ontario.
How does Harfang ensure sustainable practices?
The company emphasizes engaging with local stakeholders and prioritizing environmental stewardship in all its operations.
Who can I contact for more information about Harfang?
For inquiries, you can contact Rick Breger, the President and CEO, at rbreger@harfangexploration.com.
