12:31 PM EDT, 06/24/2025 (MT Newswires) -- Great Pacific Gold ( FSXLF ) on Tuesday fell 16% after it upsized a best-efforts private placement of units to raise proceeds of $16.9 million up from its prior $10-million target.

The company said it will now look to place 37.7-million units priced at $0.45 each and made up of a share and one half of a three-year warrant to buy a second share for $0.70.

The offering is expected to close about July 3.

Great Pacific will use the proceeds to advance the Wild Dog Project and additional exploration activities in Papua New Guinea.

Shares of the company were last seen down $0.085 to $0.435 on the TSX Venture Exchange.

Price: 0.44, Change: -0.09, Percent Change: -16.35