Greenheart Gold raises $59.85 million for Guyana, Suriname projects
Greenheart Gold Inc. [GHRT-TSXV, GHRTF-OTCQX] said it has raised $59.85 million from a non-brokered private placement of common shares.
The company said it issued 59.85 million common shares at a price of $1.00 per share. Greenheart shares 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 the exploration group at Reunion Gold, a team that was most recently noted for discovery and delineation of 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 prospective for orogenic gold deposits.
The company said the proceeds of the private placement are earmarked for exploration work on its projects in Suriname and Guyana, potential new acquisitions in the Guiana Shield, and exploration work in the region.
In its latest press release, Greenheart said La Mancha Investments S.a.r.l, acquired 35.5 million shares and now holds 19.9% of the company. G Mining Ventures Corp. [GMIN-TSXV, GMINF-OTCQB] picked up 6.4 million shares through its G Mining Guyana Corp. unit, and maintains a10.5% ownership interest in the company.
G Mining Ventures recently said it has struck definitive deal that will see the company acquiring all the outstanding shares of G2 Goldfields Inc. [GTWO-TSXV, GUYGF-OTCQX] pursuant to a court-approved plan of arrangement worth approximately $3.0 billion
The transaction aims to combine G Mining’s Oko West gold project with G2’s Oko-Ghanie Project into a single Tier 1 entity, to be known as the Oko Project.
As long as La Mancha maintains a 10% stake, it holds the right to nominate one director to Greenheart’s board and participate in future equity financings to maintain its equity ownership. It can also appoint a technical representative to participate as a member of the company’s technical advisory group.
“The strengthening of our treasury positions us well to carry out a multi-year exploration strategy in both Suriname and Guyana, in addition to funding our current drill programs at Majorodam and Igab in Suriname, and our planned drilling program at Tosso Creek [also in Suriname], anticipated to start in Q3, 2026,’’ said Greenheart President and CEO Justin van der Toorn.
In a project update released in February, 2026, the company said it had received 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 mapping and detailed drone magnetics, outlined five target areas at the Igab project, where channel samples included 31 metres grading 1.36 g/t gold.
Approximately 500 metres north of the outcrop lies a now collapsed saprolite pit where the titleholder of Igab reportedly mined gold mineralized smoky grey quartz veins, evidence of which can be seen in quartz float, including metre-sized boulders.