05:00 PM EST, 02/18/2020 (MT Newswires) -- Harte Gold (HRT.TO) on Tuesday said it will raise up to C$27 million in an overnight marketed offer of flow-through shares.

The company said the size and pricing of the offer will determined by demand. Appian Capital Advisory, Harte's largest shareholder, will participate in the offer to maintain its 24.4% stake in the gold miner.

Harte also said the offering has the support of BNP Paribas, its primary lender.

Harte shares closed down C$0.01 to C$0.135 on the Toronto Stock Exchange.

Price: 0.1350, Change: -0.0100, Percent Change: -6.90