Date Closed

December 14, 2016

Lead Office

Toronto

Value

21.50 Million CAD

On November 24, 2016, Harte Gold Corp. announced it has entered into strategic financing arrangements to accelerate exploration and development work at the Sugar Zone property located in White River, Ontario.

The financing consists of a C$15 million Bought Deal offering of flow-through common shares priced at C$0.39 per flow-through common share with Cantor Fitzgerald Canada Corporation and a concurrent C$10 million private placement financing of common shares priced at C$0.30 per common share with Appian Natural Resources Fund through its wholly owned subsidiaries, for gross proceeds of C$25 million.

Appian will also acquire an additional C$11.5 million of common shares of Harte Gold at C$0.30 per common share directly or indirectly from the subscribers of the flow-through offering. Following closing of both transactions, Appian will own approximately 16.8% of the outstanding common shares of Harte Gold.

Appian Natural Resources specializes in making long- term investments in both public and private natural resources companies and assets with a focus on metal and mining companies.

Harte Gold is a mining company engaged in the acquisition, exploration, and development of mineral resource properties, mainly gold in Canada.

McCarthy Tétrault LLP advised Appian Natural Resources Fund with a team led by Shea Small (Mining and M&A) that included Steve Molnar and Ainslie Hurd (Mining and M&A) and Ryan Rabinovitch (Tax).