Harte Gold Provides Update on Strategic Review Process and Announces Resignation of Appian Nominees from Harte Gold’s Board of Directors

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Harte Gold Provides Update on Strategic Review Process and Announces Resignation of Appian Nominees from Harte Gold’s Board of Directors

by ahnationtalk on July 21, 20218 Views

Toronto – July 20, 2021 – HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) announced today an update to its strategic review process and the resignation of Appian’s nominees from its board of directors (the “Board”).

Strategic Review Process

On May 13, 2021, the Company announced it would be initiating a strategic review process to explore, review and evaluate a broad range of alternatives focused on ensuring the Company’s financial liquidity and to fund accelerated life-of-mine capital.

As announced on June 8, 2021, the Board established a Strategic Committee to support management in evaluating all strategic alternatives. The Strategic Committee members were Joseph Conway (Chair), Douglas Cater and Geoffrey Cohen.

To support the continuation of the strategic review process, the Board established a Special Committee, comprised of the Company’s independent directors, Joseph Conway and Douglas Cater, yesterday.

There can be no assurance that the strategic review process will result in any transaction or, if a transaction is concluded, what the terms or timing of such a transaction will be. The Company will provide an update when further disclosure is required or otherwise appropriate.

Resignation of Appian Nominees

The Board received resignations from Appian’s nominees to the Board (Michael Scherb, Geoffrey Cohen and Igor Gonzales) late yesterday evening. The resignations are effective immediately.

NT4

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