Harfang Exploration Inc. Achieves Successful Financing
MONTREAL — Harfang Exploration Inc. (TSX.V: HAR) is excited to announce a major milestone: the completion of a private placement that raised significant funds to enhance its exploration initiatives. The non-brokered financing consisted of the issuance of 11,441,104 flow-through common shares, collectively generating gross proceeds amounting to $1,125,000. This accomplishment showcases the confidence investors have in Harfang and its vision for future developments.
Details of the Financing
The private placement was carefully structured, with 3,809,524 shares issued at a price of $0.105, designated as 'Quebec FT Shares', while the remaining 7,631,580 shares were sold at $0.095, referred to as 'Ontario FT Shares'. This strategic decision to engage in flow-through financing illustrates Harfang's commitment to advancing its portfolio of exploration projects, particularly in the resource-rich regions of Québec and Ontario.
Utilization of Funds
The proceeds from this offering will be critical in furthering Harfang's exploration projects, allowing the company to accelerate its activities and progress within these highly prospective areas. The management team firmly believes that these funds will boost the company's ability to discover valuable mineral resources.
Finder's Fees and Regulatory Compliance
As part of the financing arrangement, Harfang allocated 1,058,823 common shares to agents as finder's fees, reinforcing strong partnerships with external advisors. All shares issued through this private placement are subject to a hold period of four months and one day, ensuring compliance with regulatory standards set forth by the TSX Venture Exchange.
Commitment to Responsible Exploration
Harfang Exploration is dedicated not only to discovery but to responsible and sustainable mineral exploration. The company embraces advanced geoscience methodologies and cultivates strong relationships with local stakeholders, ensuring that its operations support both community interests and environmental considerations. This approach is vital for building a robust company that values its place in the ecosystem.
About Harfang Exploration Inc.
Harfang is a dynamic, discovery-driven mineral exploration enterprise with an ongoing focus on high-potential ore deposits in Québec and Ontario. The company's philosophy integrates rigorous scientific analysis with prudent financial strategies, ultimately aiming to maximize its discovery potential. With a leadership team composed of experienced professionals in the mining industry, Harfang is well-positioned to leverage its strengths.
In a significant strategic move, Harfang recently completed the acquisition of NewOrigin Gold Corp., enhancing its portfolio with high-quality gold assets, notably in the Pickle Lake and Abitibi regions. This advancement reflects the company's drive to enhance its value proposition and market reach.
Contact Information for Inquiries
For further information regarding Harfang Exploration Inc., interested parties are encouraged to reach out to:
Rick Breger, P.Geo., MBA
President & CEO, Director
Harfang Exploration Inc.
Email: rbreger@harfangexploration.com
Phone: 514.940.0670
Frequently Asked Questions
What is the purpose of Harfang's recent financing?
The financing aims to fund Harfang's exploration initiatives and advance its projects in Québec and Ontario.
How many shares were issued in the private placement?
A total of 11,441,104 flow-through common shares were issued during the financing.
What is unique about the flow-through shares offered?
Flow-through shares allow investors to receive tax benefits associated with the exploration expenses incurred by the company.
Who can I contact for more information about Harfang?
For inquiries, contact Rick Breger, the President & CEO, via email or phone for detailed information about the company.
What recent acquisition did Harfang make?
Harfang completed the acquisition of NewOrigin Gold Corp., consolidating high-quality gold assets in key regions.
