Business
Greenheart Gold Announces Closing of Its Previously Announced C$59,850,000 Non-Brokered Private Placement of Common Shares
Longueuil, Québec--(Newsfile Corp. - April 30, 2026) - Greenheart Gold Inc. (TSXV: GHRT) (OTCQX: GHRTF) (the "Company" or "Greenheart Gold") is pleased to
About this update from Greenheart Gold Inc.
[{"type":"text","content":" Longueuil, Québec--(Newsfile Corp. - April 30, 2026) - Greenheart Gold Inc. (TSXV: GHRT) (OTCQX: GHRTF) (the \"Company\" or \"Greenheart Gold\") is pleased to announce that it has completed its previously announced non-brokered private placement issuing 59,850,000 common shares of the Company (the \"Shares\") at a price of C$1.00 per Share for aggregate gross proceeds of C$59,850,000 (the \"Offering\"). As part of the Offering, La Mancha Investments S.à.r.l. (\"La Mancha\") acquired 35,496,402 Shares of the Company and now holds 19.9% of the Company's 214,203,038 issued and outstanding Shares. G Mining Ventures Corp. acquired 6,404,215 Shares through its wholly owned subsidiary G Mining Guyana Corp. (\"G Mining\") and maintains its 10.5% ownership interest in the Company. Pursuant to an investor rights agreement entered into today between Greenheart Gold and La Mancha in connection with the Offering, so long as La Mancha and its affiliates hold not less than 10% of the then issued and outstanding common shares of the Company, La Mancha will, among other things, have the right to (i) nominate one director to Greenheart Gold's board of directors, (ii) participate in future equity financings to maintain its relative equity ownership; and (iii) appoint one technical representative to participate as a member of the Company's technical advisory group. Justin van der Toorn commented, \"We are very pleased that La Mancha, a knowledgeable and supportive strategic shareholder, has elected to increase its ownership of Greenheart Gold to 19.9% and that G Mining has maintained its 10.5% interest in the Company. We are also grateful for the continued support of our other significant shareholders who have participated alongside La Mancha and G Mining in this financing. We view our strong and supportive shareholder base as a key strategic advantage for the Company. The strengthening of our treasury positions us well to carry out a multi-year exploration strategy in both Suriname and Guyana, in addition to funding our current drill programs at Majorodam and Igab in Suriname and our planned drilling program at Tosso Creek anticipated to start in Q3, 2026.\" The Shares issued under the Offering are subject to a hold period expiring on August 31, 2026. A total of C$45,900 finders' fees was paid in connection with the Offering. The Company intends ...