An oversubscribed raising that priced 350 million new shares at 4.3c involved new and existing significant shareholders, including major institutional shareholders RCF and Tembo - with the latter two diluting down from their respective 41% and 25% stakes held before the raising.
Geopacific now has more than 1.15 billion shares on issue.
The company is trying to expedite development of Woodlark where a 1.2 million ounce reserve is required as part of the transaction for Geopacific to earn an 80% stake in the project.
Reaching that reserve is apparently not seen as difficult, with the company saying it firmly believes Woodlark holds the potential to be a minimum five million ounce goldfield.
Geopacific also holds advancing exploration and future potential development opportunities in Cambodia and Fiji.
But Woodlark is seen as the game-changer for Geopacific.
Shares in Geopacific were trading at 5.1c ahead of the raising, with the stock having doubled in price since the start of July.