/NOT FOR DISTRIBUTION TO U.S. NEWS
WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
LONGUEUIL, QC, Sept. 26,
2024 /CNW/ - Greenheart Gold Inc. (TSXV: GHRT) (the
"Company") is pleased to announce that as a result of strong
investor demand, the Company has amended its agreement with a
syndicate of underwriters led by Canaccord Genuity and Paradigm
Capital (collectively, the "Underwriters"), to increase the
size of its previously announced "bought deal" private placement to
aggregate gross proceeds of C$33,000,000 (the "Offering"), consisting
of 66,000,000 common shares of the Company (the "Common
Shares") at a price of C$0.50 per
Common Share (the "Offering Price").
The Company has also granted the Underwriters an option to
purchase up to an additional 9,900,000 Common Shares at the
Offering Price for additional gross proceeds of up to C$4,950,000 exercisable at any time up to 48
hours prior to the closing of the Offering.
The net proceeds received from the Offering will be used by the
Company to acquire and explore mineral properties in Guyana and Suriname, as well as for working
capital and general corporate purposes.
It is anticipated that closing of the Offering will occur on or
about October 17, 2024, 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
Canada.
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 offer,
solicitation or sale would be unlawful, including any of the
securities in the United States of
America. The securities have not been and will not be
registered under the United States Securities Act of 1933,
as amended (the "1933 Act") or any state securities laws and may
not be offered or sold within the United
States or to, or for account or benefit of, U.S. Persons (as
defined in Regulation S under the 1933 Act) unless registered under
the 1933 Act and applicable state securities laws, or an exemption
from such registration requirements is available.
About Greenheart Gold Inc.
Greenheart Gold is an exploration company that builds on a
proven legacy of discoveries in the Guiana Shield, a highly
prospective geologic terrain that hosts numerous gold deposits,
though remains relatively under-explored. The Company is aiming to
build a portfolio of early-stage projects in Guyana and Suriname that are prospective for
orogenic gold deposits. Greenheart Gold is a Canadian corporation
that was created as a "spin-off" from the business combination
between G Mining Ventures Corp. and Reunion Gold Corporation
completed on July 15, 2024. The
Company is led by former executive team members of Reunion Gold, a
team that was most recently noted for the discovery and delineation
of the Oko West deposit in Guyana,
which is set to become the next gold development project in the
region.
Greenheart Gold trades on the TSX Venture Exchange under the
symbol 'GHRT'. Additional information about the Company is
available on SEDAR+ (www.sedarplus.ca) and the Company's website
(www.greenheartgold.com).
Cautionary Note Regarding Forward-Looking
Information
All statements, other than statements of historical fact,
contained in this press release constitute "forward-looking
information" and "forward-looking statements" within the meaning of
certain securities laws and are based on expectations and
projections as of the date of this press release. Forward-looking
statements contained in this press release include, without
limitation, those related to the listing of the Common Shares on
the TSX Venture Exchange, the use of proceeds of the Offering, the
anticipated closing date of the Offering, and the Company's plans
and objectives and more generally, the section entitled "About
Greenheart Gold Inc".
Forward-looking statements are based on expectations,
estimates and projections as of the time of this press release.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by the
Company as of the time of such statements, are inherently subject
to significant business, economic and competitive uncertainties and
contingencies. These estimates and assumptions may prove to be
incorrect. Such assumptions include, without limitation, those
underlying the statements in the section entitled "About Greenheart
Gold Inc.".
Many of these uncertainties and contingencies can directly or
indirectly affect, and could cause, actual results to differ
materially from those expressed or implied in any forward-looking
statements. By their very nature, forward-looking statements
involve inherent risks and uncertainties, both general and specific
in nature, including among others, those risks and uncertainties
set forth in the Listing Application (Form 2B) dated August 30, 2024, management's discussion &
analysis for the initial period from April
19, 2024 to June 30, 2024 and
other documents and reports filed by the Company with Canadian
securities regulators available under the Company's profile on
SEDAR+ at www.sedarplus.ca, and the risk that estimates, forecasts,
projections and other forward-looking statements will not be
achieved or that assumptions do not reflect future outcomes.
Forward-looking statements are provided for the purpose of
providing information about management's expectations and plans
relating to the future. Readers are cautioned not to place undue
reliance on these forward-looking statements as a number of
important risk factors and future events could cause the actual
outcomes to differ materially from the beliefs, plans, objectives,
expectations, anticipations, estimates, assumptions and intentions
expressed in such forward-looking statements. The Company cautions
that the list of factors set forth in the Company's filings that
may affect future results is not exhaustive, and new, unforeseeable
risks may arise from time to time. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements or to explain any material difference between subsequent
actual events and such forward-looking statements, except to the
extent required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
SOURCE Greenheart Gold Inc.
