(This article updates an earlier report on Great Pacific Gold Corp.’s planned capital raising, confirming the successful completion and final terms of the offering.)
Great Pacific Gold Corp. has completed an upsized public offering raising approximately $20.02m, with proceeds earmarked to accelerate its gold-copper exploration portfolio in Papua New Guinea.
The Vancouver-based company said it issued 42.6 million units priced at $0.47 each, generating gross proceeds of $20,022,000. Each unit comprises one common share and one-half of a warrant, with each full warrant exercisable at $0.70 per share until April 2, 2028.
The offering was conducted under a prospectus supplement dated March 27, 2026, to the company’s base shelf prospectus filed across Canadian jurisdictions, excluding Quebec.
Agents and costs
The financing was led by Haywood Securities Inc. as sole bookrunner, alongside Canaccord Genuity Corp., Agentis Capital Markets and Paradigm Capital Inc.
In connection with the offering, Great Pacific Gold paid total cash commissions of $1,157,520 and issued compensation options to acquire up to 2,462,808 shares at the offering price, exercisable until April 2, 2028.
Use of proceeds
Net proceeds will primarily fund exploration and development activities across the company’s gold-copper projects in Papua New Guinea, with remaining funds allocated to working capital and general corporate purposes.
The company holds a portfolio of exploration-stage assets in PNG, including the Wild Dog project in East New Britain, as well as the Kesar, Arau and Tinga Valley projects in the Eastern Highlands and surrounding regions.
Exploration focus
Great Pacific Gold is positioning itself as a gold-copper developer in Papua New Guinea, targeting epithermal and porphyry-style mineral systems across its land package.
Its flagship Wild Dog project hosts a large-scale structural corridor with high-grade drilling results, while the Kesar and Arau projects are located near existing mining tenements and are considered prospective for further discoveries.
The financing follows the company’s earlier plan to raise up to $15m, which was subsequently upsized to meet investor demand and support expanded exploration activities.
Outlook
The company said the completed financing strengthens its balance sheet and provides funding visibility as it advances drilling and exploration programmes through 2026.
.jpg)
