Great Pacific Gold Corp. said it plans to raise up to $15.04m through a public offering to support its gold-copper exploration projects in Papua New Guinea and for general corporate purposes.
The Vancouver-based company has entered into an agreement with Haywood Securities Inc., acting on behalf of a syndicate of agents, to offer up to 32 million units at $0.47 each.
Each unit will comprise one common share and one-half of a warrant, with each whole warrant exercisable at $0.70 per share for a period of 24 months following closing.
The offering will be conducted on a “commercially reasonable efforts” basis under a prospectus supplement to the company’s base shelf prospectus dated March 19, 2026. The supplement will be filed across Canadian jurisdictions, excluding Quebec, with additional placements permitted in the United States and offshore markets subject to applicable securities laws.
The agents have also been granted an over-allotment option to purchase up to an additional 15% of the units offered, exercisable up to 48 hours prior to closing.
Proceeds from the offering will be used primarily to advance the company’s exploration portfolio in Papua New Guinea, alongside working capital requirements.
The offering is expected to close on or about April 2, 2026, subject to customary conditions including approval from the TSX Venture Exchange.
PNG exploration focus
Great Pacific Gold is focused on developing a portfolio of gold-copper projects in Papua New Guinea, with several exploration-stage assets.
Its flagship Wild Dog project, located in East New Britain, hosts a large epithermal system extending approximately 15km, alongside a nearby porphyry target. Drilling has returned high-grade intercepts, with further drilling planned through 2026.
The company’s Kesar and Arau projects in the Eastern Highlands are located near existing mining tenements operated by K92 Mining Inc., with exploration indicating potential extensions of known mineralised systems.
Great Pacific Gold also holds the Tinga Valley project as part of its broader PNG exploration portfolio.
The company said the offering forms part of its strategy to advance exploration activity and position itself as a gold-copper developer in Papua New Guinea.
