idle and fond bondage

Harte Gold (HRT.to) goes for the Lake Superior share dilution strategy

That’s a $27m overnight offered bot deal from a syndicate of deep bagholders Canadian brokerages and instos who, as per normal form, are determined to throw their clients’ good money after their bad: NR here, business end of it below:
TORONTO, Feb. 18, 2020 /CNW/ – HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT
/ OTC: HRTFF / Frankfurt: H4O) is pleased to announce that it has
entered into an agreement with a syndicate of underwriters consisting of
Canaccord Genuity Corp. and Haywood Securities Inc. (the “Co-Lead Underwriters”) on behalf of a syndicate of underwriters, (collectively and together with the Co-Lead Underwriters, the “Underwriters”) to complete a private placement financing of flow-through common shares (the “Flow-Through Shares”) on an overnight marketed basis from the treasury of the Company for gross proceeds of up to C$27 million (the “Offering”).
The size and pricing of the Offering will be determined in the
context of the market at the time of entering into a definitive
underwriting agreement between the Company and the Underwriters. Appian
Capital Advisory LLP (“Appian”), a significant shareholder of the
Company, has advised the Company that it is supportive of the Offering
and that it intends to participate by purchasing common shares of the
Company to the extent of its pro rata interest, which represents
approximately 24.4% of the issued and outstanding common shares of the

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