Harfang Exploration
Harfang Exploration
  • Harfang Exploration (HAR) announced the closing of a non-brokered private placement for proceeds of $700,000
  • The company issued 1,842,106 flow-through common shares at $0.38 per share
  • Harfang intends to use the proceeds for its exploration projects in the Eeyou Istchee James Bay region of Québec
  • Harfang Exploration is a mineral exploration and evaluation stage company
  • Harfang Exploration Inc. (HAR) is up 7.14 per cent, trading at C$0.225 per share at 11:39 am ET

Harfang Exploration (HAR) announced the closing of a non-brokered private placement for proceeds of $700,000.

The company issued 1,842,106 flow-through common shares at $0.38 per share. Harfang intends to use the proceeds for its exploration projects in the Eeyou Istchee James Bay region of Québec.

All securities issued are subject to a statutory hold period of four months. The offering is subject to the approval of the TSX Venture Exchange.

Ian Campbell, President and CEO of Harfang, commented on the announcement.

“We are aggressively pursuing our dual mandate of gold and lithium exploration in Eeyou Istchee James Bay region of Québec. Our maiden drill program at Lake Menarik gold property is well underway. It consists of approximately 18 holes and we expect initial assay results in April.”

“Furthermore, we are very excited about the upcoming field season. We will continue to further advance Lake Menarik and at the same time include a field program evaluating our recently staked lithium projects distributed throughout the region. These highly prospective properties were selected based on our extensive geological knowledge of the region as well as our analyses of the comprehensive Sigeom lake sediment database.”

The CEO further commented that the analysis highlighted a number of calculated geochemical anomalies. Some of it displayed a similar signature to those proximal to existing lithium deposits in the region.

The company will also be following up on the pegmatites discovered at the Serpent-Radisson gold property last summer. The property yielded anomalous lithium, tantalum as well as cesium results from a brief prospecting program in its unexplored southeastern part.

Harfang Exploration is a mineral exploration and evaluation stage company.

Harfang Exploration Inc. (HAR) is up 7.14 per cent, trading at C$0.225 per share at 11:39 am ET.

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