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Gold Hart Copper Corp. and Rhyolite Resources Ltd. have signed a binding letter agreement to pursue a business combination, with HART acquiring all RYE shares at a 2.6-to-1 ratio. The Proposed Transaction will be structured via a plan of arrangement under British Columbia law.

To finance this, HART plans a non-brokered private placement of units and subscription receipts, aiming for $10 million in proceeds. Northfield Capital intends to invest up to $2.5 million. Sean Roosen is expected to join Gold Hart's Advisory Board post-transaction. The capital will be used to enhance exploration and operational activities in the Vicuña District, where Gold Hart has a portfolio of properties.