Heritage Gold got huge response to its Share Purchase Plan dated 18 November 2009 from investors, helping it to raise $1.95 million following the receipt of valid applications and payment. The proceeds are aimed to use for carrying out exploration and evaluation work on gold prospects at Waihi.

Heritage Gold Executive Director Peter Atkinson confirmed that its existing shareholders especially from New Zealand warmly accepted the offer by showing huge confidence in the firm. The Share Purchase Plan was joined by 222 New Zealand shareholders and 113 Australian shareholders.

Atkinson said, "For the first time in 15 years an overwhelming majority of acceptances came from New Zealand shareholders, demonstrating the confidence shareholders now have in New Zealand's mining industry."

Atkinson further added that huge response from investors indicates that New Zealand investors are well aware of the potential of firm's mineral resources. It should be recalled that the firm recently got North Island's first commercial gold mining permit outside of Waihi after getting approval from the Minister of Energy and Resources.