PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 31.Oct.2025, Words: 340) — Gold Port Corporation announced that, due to high demand, it has increased its non-brokered private placement to up to 20,000,000 units at $0.075 per unit for gross proceeds of up to $1,500,000.
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Each unit will be comprised of 1 common share in the capital of the company and 1 transferable common share purchase warrant with each warrant entitling the holder to purchase 1 additional share of the company at an exercise price of $0.10 per warrant share for a period of 3 years from the closing of the private placement, Gold Port announced on 31 Oct. 2025 in an official statement.
The company may pay finders’ fees to eligible finders, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange (CSE).
The private placement is subject to approval of the CSE, and all securities issued under the private placement will be subject to a company hold period expiring twelve months from the date of closing of the Private Placement.
Proceeds from the private placement will be directed toward advancing the company’s 100%-owned Groete gold copper project in Guyana, South America.
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The Groete Project currently hosts a NI 43-101 Inferred resource of 1.57 million gold equivalent ounces ( gold plus copper ) within 74 million tonnes, at a grade of 0.66 grams per tonne gold copper equivalent. A cut-off grade of 0.25 gold equivalent grams per tonne, a gold price of US$1,275 per ounce and copper price of US$3.00 per pound was used in the calculation of the Inferred mineral resource.
The resource was calculated in 2012 and offers the potential for significant expansion.
Gold Port remains focused on unlocking the full potential of the Groete Gold copper project and creating long-term value for shareholders through resource growth from responsible exploration.
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By Piero Stewart reporting from Panama City. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
