Core Viewpoint - Great Pacific Gold Corp. has increased its private placement offering to raise gross proceeds of $16,944,840 due to strong investor demand [1] Group 1: Offering Details - The offering consists of 37,655,200 units priced at $0.45 per unit, with each unit comprising one common share and one-half of a common share purchase warrant [1][2] - Each whole warrant is exercisable to purchase one additional common share at a price of $0.70 for three years following the closing of the offering [2] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for drilling at the Wild Dog Project, exploration activities in Papua New Guinea, and general administrative expenses [5] Group 3: Regulatory and Advisory Information - The offering will be conducted under specific exemptions from prospectus requirements, and the securities will not be registered under U.S. securities laws [3][7] - Eventus Capital Corp. has been appointed as a special advisor to the company [6] Group 4: Company Overview - Great Pacific Gold holds a portfolio of exploration-stage projects in Papua New Guinea, focusing on developing gold-copper resources [8] - Key projects include the Kesar Project, Wild Dog Project, and Arau Project, each with significant exploration potential [12]
Great Pacific Gold Announces Upsized $16.9 Million Private Placement Financing led by Canaccord Genuity Corp.