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GREENHEART GOLD ANNOUNCES C$25 MILLION "BOUGHT DEAL" PRIVATE PLACEMENT OF COMMON SHARES
GREENHEART GOLD ANNOUNCES C$25 MILLION "BOUGHT DEAL" PRIVATE PLACEMENT OF COMMON SHARES ...
About this update from Greenheart Gold Inc.
[{"type":"text","content":"\n\n\n\n GREENHEART GOLD ANNOUNCES C$25 MILLION \"BOUGHT DEAL\" PRIVATE PLACEMENT OF COMMON SHARES\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES\n \n\n\n\n OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n\n LONGUEUIL, QC\n \n\n ,\n \n\n Sept. 25, 2024\n \n\n /CNW/ - Greenheart Gold Inc. (TSXV: GHRT) (the \"Company\") is pleased to announce that it has entered into an agreement with Canaccord Genuity and Paradigm Capital on behalf of a syndicate of underwriters (collectively, the \"Underwriters\"), pursuant to which the Underwriters have agreed to purchase, on a \"bought deal\" private placement basis, 50,000,000 common shares of the Company (each, a \"Common Share\") at a price of\n \n C$0.50\n \n per Common Share (the \"Offering Price\") for gross proceeds of\n \n C$25,000,000\n \n (the \"Offering\").\n \n\n The Company has also granted the Underwriters an option to purchase up to an additional 7,500,000 Common Shares at the Offering Price for additional gross proceeds of up to\n \n C$3,750,000\n \n exercisable at any time up to 48 hours prior to the closing of the Offering.\n \n\n The net proceeds received from the Offering will be used by the Company to acquire and explore mineral properties in\n \n Guyana\n \n and Suriname, as well as for working capital and general corporate purposes.\n \n\n It is anticipated that closing of the Offering will occur on or about\n \n October 17, 2024\n \n , or such other date or dates as the Company and the Underwriters may agree. The Offering is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals including the approval of the TSX Venture Exchange. The securities sold under the Offering will be subject to a four month hold period in\n \n Canada\n \n .\n \n\n This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such...