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Fosterville South Exploration ( (TSE:GPAC) ) has issued an announcement.
Great Pacific Gold Corp. has announced a $10 million private placement financing led by Canaccord Genuity Corp. This funding will support drilling at the Wild Dog Project, additional exploration activities in Papua New Guinea, and cover general administrative expenses. The offering is expected to close around July 3, 2025, pending approval from the TSX Venture Exchange. This strategic move aims to bolster the company’s exploration efforts and strengthen its position in the gold-copper resource sector.
More about Fosterville South Exploration
Great Pacific Gold is engaged in the exploration and development of gold-copper resources in Papua New Guinea. The company focuses on exploration-stage projects, including the Kesar Project, which is located in the Eastern Highlands province and features high-priority targets with significant gold presence.
YTD Price Performance: -14.29%
Average Trading Volume: 214,453
Technical Sentiment Signal: Sell
Current Market Cap: C$53.98M
Find detailed analytics on GPAC stock on TipRanks’ Stock Analysis page.