MONTREAL, Dec. 30 2024 (GLOBE NEWSWIRE) — Harfang Exploration Inc. (Owl or the Enterprise) (TSX.V: HAR) is happy to announce the completion of a non-brokered non-public placement (the Providing) consisting of the issuance of seven,090,000 flow-through frequent shares at a worth of $0.085 per share (the flow-through shares) . , for gross proceeds of $602,650. Proceeds from the providing can be used to advance the Firm’s portfolio of gold and lithium exploration initiatives in Quebec and Ontario.
Firm insiders bought 200,000 flow-through shares. The participation of insiders constitutes a “associated get together transaction” throughout the that means of the insurance policies of the TSX Enterprise Trade and Multilateral Instrument 61-101 respecting the Safety of Minority Holders in Particular Transactions (“MI 61-101”). The Firm depends on the exemptions from the formal valuation and minority shareholder approval necessities pursuant to Sections 5.5(a) and (b) and 5.7(1)(a), respectively, of MI 61-101 on the grounds that neither the honest market worth of the thing, nor the honest market worth of the consideration for the transaction to the extent that it entails events (throughout the that means of MI 61-101) within the financing exceeds 25% of the Market Capitalization of the Firm calculated in accordance with MI 61-101, and on the idea that no safety of the Firm is listed or listed on a inventory change as laid out in MI 61-101.
All securities issued underneath the Provide are topic to a maintain interval of 4 months and in the future. The providing is topic to the approval of the TSX Enterprise Trade.
Finder’s charges totaling $33,625 have been paid to 3rd events dealing at arm’s size with the Firm.
About Exploration Harfang Inc.
Harfang Exploration Inc. is a well-funded and technically motivated mineral exploration firm whose main mission is to find ore deposits in Quebec and Ontario. The corporate is managed by an skilled staff of confirmed trade professionals controlling a portfolio of extremely promising initiatives. Harfang is devoted to finest practices by engagement with all stakeholders and a dedication to the surroundings.
For extra data, please contact:
Vincent Dubé-Bourgeois
Interim President and CEO
information@harfangexploration.com
Warning Concerning Ahead-Wanting Data
The knowledge contained on this press launch contains sure data and statements about administration’s view of future occasions, expectations, plans and prospects that represent forward-looking statements. These statements are based mostly on assumptions which are topic to vital dangers and uncertainties. Because of these dangers and uncertainties and because of varied elements, precise outcomes, expectations, achievements or efficiency could differ materially from these anticipated and indicated in such forward-looking statements. A variety of elements may trigger precise outcomes to vary materially from these forward-looking statements and from future outcomes. Though Harfang believes that the expectations mirrored within the forward-looking statements are affordable, it can provide no assurance that the expectations contained within the forward-looking statements will show to be appropriate. Besides as required by regulation, Harfang disclaims any intention and assumes no obligation to replace or revise any forward-looking statements to mirror precise outcomes, whether or not because of new data, future occasions, adjustments in assumptions, adjustments in elements affecting these forecasts. analysis statements or others.
Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.
Supply: Harfang Exploration Inc.
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