Greenheart Gold

Canaccord Genuity Acted as Lead Left Underwriter and Joint Bookrunner to Greenheart Gold on its Upsized $36 Million “Bought Deal” Private Placement of Common Shares

Canaccord Genuity is pleased to announce that on October 17, 2024, its client, Greenheart Gold Inc. (“Greenheart” or the “Company”) (TSXV:GHRT; OTCPK:GHRT.F) successfully announced the closing of its upsized “bought deal” private placement consisting of 72,088,597 common shares of the Company at a price of $0.50 per common share for gross proceeds of $36 million (the “Offering”), which included partial exercise of the over-allotment option.

The Company expects to use the proceeds to acquire and explore mineral properties in Guyana and Suriname, as well as for working capital and general corporate purposes.

Canaccord Genuity acted as lead-left underwriter and joint bookrunner to Greenheart.

Greenheart is a Canadian gold explorer focused on building a portfolio of early-stage projects in Guyana and Suriname that are prospective for orogenic gold deposits. The Company was created as a spin-off from the business combination between G Mining Ventures Corp. and Reunion Gold Corporation.