Harmony Gold Corp. Announces Increase of Private Placement up to $5 Million
#200 – 551 Howe Street Vancouver, BC V6C 2C2 Tel: 778 370 0519 Fax: 604 793 4499 Trading Symbol: H.H
Harmony Gold Corp. Announces Increase of Private Placement up to $5 Million
Vancouver, BC, November 25, 2009 – Harmony Gold Corp. (the “Company”) announces that due to significant demand it has determined to increase the “part and parcel” private placement of $3.5 million previously announced on November 9, 2009, to up to $5 million, by issuing units at a price of $0.35 per unit (the “Offering”). Each unit will consist of one common share and one half of a transferable share purchase warrant, each whole warrant exercisable into an additional common share of the Company for a period of one year at a price of $0.65 per common share.
Finder’s fees of cash, securities or a combination thereof, in the amount of 10% of the gross proceeds of the Offering may be payable in connection with the Offering.
The Offering and the underlying transaction (the “Transaction”) between the Company and Full Metal Minerals Ltd. are subject to the approval of the TSX Venture Exchange. The Company may close a portion of the Offering in escrow pending receipt of final approval to the Transaction by the TSX Venture Exchange.
The proceeds of the Offering will be used to fund option payments and work programs to be conducted by the Company on the Lucky Shot Property, Alaska and for general and administrative expenses.
HARMONY GOLD CORP.
Per: “Craig M. Engelsman”
Craig Michael Engelsman President Telephone: 778 370 0519 E-mail: [email protected]
Forward Looking Statements
This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “expects,” “plans,” “estimates,” “intends,” “believes,” “could,” “might,” “will” or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties which are described under the caption “Note Regarding Forward-looking Statements” and “Key Information – Risk Factors” and elsewhere in the Company’s Annual Report for the fiscal year ended June 30, 2008, as filed on SEDAR at www.sedar.com. The risk factors identified in the Company’s Annual Report are not intended to represent a complete list of factors that could affect the Company. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not assume any obligation to update the forwardlooking information contained in this press release.
NEITHER 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.
AC/755319.1