Harte Gold announces financing to close the sale of Silver Lake Resources

Harte Gold (TSE: HRT) said on Monday that it has obtained creditors’ protection under the CCAA for an initial period expiring on December 16, 2021.

Harte Gold owns a 100% interest in the Sugar Zone mine located in White River, Canada. The Sugar Zone mine entered commercial production in 2019.

An investor also agreed to lend the company up to $ 10.8 million. The financing should lead to a sale of the business.

“Harte Gold has entered into a subscription agreement with 1000025833 Ontario Inc., an indirect wholly owned subsidiary of Silver Lake Resources Limited (ASX: SLR), under which the investor, if the successful adjudicator of the SISP and is approved by the Court, would become the sole shareholder of the Company in a transaction which provides for the continuation of its activities and operations as a going concern. “

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