Gold Mining Company Harvest Gold Confirms Completion of Undisclosed Funding Round, Led by Crescat Capital
Harvest Gold Corporation Raises $2.3 Million in Private Placement
Harvest Gold Corporation, a gold exploration company focused in Quebec, has successfully completed a non-brokered private placement, raising gross proceeds of approximately $2.3 million. The private placement is subject to the final approval of the TSX Venture Exchange.
The private placement consisted of a combination of regular units and charity flow-through units. Each unit comprises one common share and one common share purchase warrant. Each warrant allows the holder to acquire one common share at $0.12 for a period of two years.
Crescat Capital LLC, a leading investment firm, was the lead investor, purchasing 5,866,666 units. This acquisition gives Crescat a non-diluted ownership of approximately 19.73% of Harvest Gold’s common shares. The transaction qualifies as a related party transaction but is exempt from formal valuation and minority shareholder approval under Multilateral Instrument 61-101 due to certain exemptions.
The gross proceeds from the charity flow-through units will be used for eligible Canadian exploration expenses related to Harvest Gold’s projects in Quebec. The Company plans to use the proceeds from the issue and sale of the units for the 2025 drilling campaign, exploration expenses, and general working capital.
Quinton Hennigh, Geologic and Technical Advisor at Crescat Capital LLC, expressed optimism about Harvest Gold’s land position and upcoming drill program. He highlighted that the funds will support the company’s first drill program to test promising greenfield targets.
Harvest Gold Corporation has three active gold projects focused in the Urban Barry area, covering a total of 17,539.25 hectares. The Company’s Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories. Harvest Gold is committed to developing positive and mutually beneficial relationships with local Indigenous communities.
The Company’s exploration plans and strategy are subject to market prices, exploitation and exploration successes, and continued availability of capital and financing.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities within any jurisdiction, including the United States. The securities referred to in this news release have not been registered under the United States Securities Act of 1933, and may not be offered or sold within the United States. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
This update was announced on August 1, 2025.
[1] Harvest Gold Corporation Press Release, August 1, 2025. [3] Harvest Gold Corporation Investor Presentation, August 1, 2025.
The private placement, involving both regular units and charity flow-through units, raised approximately $2.3 million in finance for Harvest Gold Corporation's gold exploration business, with technology being utilized to fund future drilling campaigns, exploration expenses, and general working capital. This successful fundraising round was led by Crescat Capital LLC, a leading investment firm in the technology-driven business world.
