Great Pacific Gold closes $20.02-million offering

Executive Summary

• Great Pacific Gold Corp. has closed its previously announced upsized public offering of 42.6 million units, raising aggregate gross proceeds of $20,022,000.
• The offering was priced at 47 cents per unit, with each unit consisting of one common share and one-half of one common share purchase warrant.
• Net proceeds will be utilized to advance the company's gold-copper projects in Papua New Guinea, specifically the Wild Dog and Kesar projects, as well as for general working capital and corporate purposes.

Key Details

• Transaction Structure: Public offering of 42,600,000 units.
• Price: 47 cents per unit.
• Gross Proceeds: $20,022,000.
• Agents: Haywood Securities Inc. (lead agent and sole bookrunner), Canaccord Genuity Corp., Agentis Capital Markets (First Nations Financial Markets LP), and Paradigm Capital Inc.
• Warrant Terms: Each unit includes one-half of one warrant. Each warrant entitles the holder to acquire one common share at an exercise price of 70 cents per share. Warrants expire on April 2, 2028.
• Use of Proceeds: Advancement of gold-copper projects in Papua New Guinea (Wild Dog and Kesar projects), general working capital, and corporate purposes.
• Agent Compensation:
  • Cash commission: $1,157,520.
  • Compensation options: 2,462,808 common share purchase options.
  • Option terms: Exercisable at the offering price (47 cents) until April 2, 2028.
• Regulatory Filings: Conducted via prospectus supplement dated March 27, 2026, to the base shelf prospectus dated March 19, 2026, filed in Canadian provinces (excluding Quebec).

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.