Harfang Sells Its Selbaie Property
10 Febrero 2023 - 7:00AM
Harfang Exploration Inc. (“
Harfang”) (TSX-V: HAR)
is pleased to announce the sale to Goldseek Resources Inc.
(“
Goldseek”) (CSE: GSK) of its Selbaie Property.
The Selbaie Property, located 12 kilometres east of the past
producing copper-zinc-silver-gold Selbaie Mine in Québec consists
of six (6) mining claims covering a portion of the eastern flank of
the Brouillan pluton and adjacent volcanic rocks. The last previous
recorded work was surface geophysical surveying conducted by
LaSalle Exploration Corp. in 2015.
“We are pleased to complete this transaction
with Goldseek on the Selbaie Property. The Harfang team is focused
on advancing our core gold projects in James Bay and northeastern
Ontario and gearing up to accelerate activities on our lithium
projects in the James Bay region. We wish the Goldseek team all the
best and look forward to hearing about their progress”, said Ian
Campbell, President and Chief Executive Officer of Harfang.
Transaction
Terms
Pursuant to an agreement dated February 6, 2023
between Harfang and Goldseek, Goldseek has agreed to pay to Harfang
$5,000 in cash, issue to Harfang 600,000 common shares (the
“Goldseek Shares”) at a deemed price of $0.04 per
Goldseek Share and grant to Harfang a 2% net smelter returns
royalty, half of which may be bought-back at any time for
$1,000,000. The Goldseek Shares will be subject to the applicable
hold periods in accordance with securities laws in Canada and the
policies of the Canadian Securities Exchange.
Qualified Person
The technical information in this news release
was prepared and approved by François Huot, P.Geo, Vice President
Exploration of Harfang, who is a non-independent qualified person
for the technical disclosure as defined by National Instrument
43-101 Standards of Disclosure for Mineral Projects.
About Harfang Exploration
Inc.
Harfang Exploration Inc. is well financed with
approximately $8.24 M in the treasury as of October 31, 2022
and is a technically driven mineral exploration company with the
primary mission to discover ore deposits in Québec and Ontario.
Harfang is managed by an experienced team of industry professionals
with a proven track record of success, controls a portfolio of
highly prospective projects and has a strong financial position.
Harfang is dedicated to best practices through engagement with all
stakeholders and commitment to the environment.
On behalf of the Board of Directors and for further
information, please contact:
Ian CampbellPresident and Chief Executive OfficerTel: 647
680-3820Email: icampbell@harfangexploration.comWeb:
www.harfangexploration.com
Cautionary Statement Regarding
Forward-Looking Information
The information in this news release includes
certain information and statements about management’s view of
future events, expectations, plans and prospects that constitute
forward-looking statements. These statements are based upon
assumptions that are subject to significant risks and
uncertainties. Because of these risks and uncertainties and as a
result of a variety of factors, the actual results, expectations,
achievements or performance may differ materially from those
anticipated and indicated by these forward-looking statements. Any
number of factors could cause actual results to differ materially
from these forward-looking statements as well as future results.
Although Harfang believes that the expectations reflected in
forward-looking statements are reasonable, it can give no
assurances that the expectations of any forward-looking statements
will prove to be correct. Except as required by law, Harfang
disclaims any intention and assumes no obligation to update or
revise any forward-looking statements to reflect actual results,
whether as a result of new information, future events, changes in
assumptions, changes in factors affecting such forward-looking
statements or otherwise.Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Harfang Exploration (TSXV:HAR)
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