Greenheart is focused on regional assets outside of Oko West in the Guiana Shield. These include the Abuya and Majorodam projects in Guyana and Suriname, respectively.
The financing, at C$0.50 per share and underwritten by Canaccord Genuity and Paradigm Capital, closed 44% higher than the C$25 million offering floated on Sept. 25.
Greenheart shares rose to a 12-month high of C$0.95 on Friday, having touched a low of C$0.45 in that period. It has a market capitalization of C$70 million.
Last month, CEO Justin van der Toorn said in a press release that the company had signed non-binding deal to start due diligence to buy G Mining’s 95-sq.-km IGAB gold project in Suriname. IGAB is 30 km south of Newmont’s (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) Merian mine, which hosts nearly 4 million oz. gold in reserves and another 1.5 million oz. in resources.
The early-stage prospect has already produced high-grade gold from artisanal…
