Green Heart Gold Company (GHRT-TSXV, GHRTF-OTCQX) It raised $59.85 million in a private placement of common shares without a brokerage.
The company said it issued 59.85 million common shares at a price of $1.00 per share. Shares of Greenheart advanced on the news, rising 0.92%, or $0.01, to $1.10 in early trading Friday.
Greenheart is an exploration company led by former executives and members of Reunion Gold’s exploration group, a team most recently known for discovering and locating the multi-million-ounce Oko West deposit in Guyana. The company has assembled a portfolio of early-stage exploration projects in Guyana and Suriname that are expected to contain indigenous gold deposits.
The company said the proceeds from the private placement are for exploration work at its projects in Suriname and Guyana, potential new acquisitions in the Guyana Shield, and exploration work in the region.
In its latest press release, Greenheart said that La Mancha Investments Sarl, acquired 35.5 million shares and now owns 19.9% of the company. G Mining Projects Company (GMIN-TSXV, GMINF-OTCQB) acquired 6.4 million shares through its G Mining Guyana Corp. unit, and maintains a 10.5% ownership stake in the company.
G Mining Ventures recently said it has concluded a definitive deal that will see the company acquire all outstanding shares in… G2 Goldfields Company (GTWO-TSXV, GUYGF-OTCQX) pursuant to a court-approved plan of arrangement valued at approximately $3.0 billion
The deal aims to merge G Mining’s Oko West gold project with G2’s Oko-Ghanie project into a single Tier 1 entity, known as the Oko Project.
As long as La Mancha maintains a 10% stake, it has the right to nominate one director to Greenheart’s board and participate in future equity financing to maintain its ownership of the shares. It may also appoint a technical representative to participate as a member of the company’s technical advisory group.
“The strengthening of our reservoir positions us well to execute a multi-year exploration strategy in both Suriname and Guyana, in addition to funding our existing drilling programs at Majorodam and Ijab in Suriname, and a planned drilling program at Toso Creek (also in Suriname), expected to commence in the third quarter of 2026,” said Justin van der Toorn, President and CEO of Greenheart.
In a project update released in February 2026, the company said it had obtained promising results at Tosso Creek from initial trenches covering a small number of known anomalies in the western portion of the project area. Exploration work, including two phases of soil sampling, trenching and detailed drone mapping and magnetics, identified five target areas at the Ijab project, where channel samples included 31 meters grading 1.36 g/t gold.
About 500 meters north of the outcrop is a now collapsed saprolite pit where titleholder Ijab is said to have mined veins of smoky gray quartz mineralized with gold, evidence of which can be seen in the quartz float, including metre-sized boulders.
