Powell’s speech, Nvidia’s chips, Meta deal - what’s moving markets
TORONTO - John Kennedy FitzGerald has increased his ownership stake in Greenhawk Resources Inc. (CSE:GRHK) to 19.22% following the acquisition of 10,233,333 common shares on August 8, 2025, according to a company press release issued Monday. The micro-cap company, currently valued at $1.25 million, has seen its stock surge 33% in the past week, according to InvestingPro data.
FitzGerald acquired the shares through a combination of purchases on the Canadian Securities Exchange and a private transaction. His total holdings now amount to 16,569,493 shares, up from his previous position of 6,336,160 shares, which represented approximately 7.35% of outstanding shares.
The company also announced leadership changes effective Monday, with CEO Greg McKenzie resigning from his position and from the Board of Directors. Board member Dwayne Melrose has also stepped down.
FitzGerald has been appointed Interim Chief Executive Officer and will become Chairman of the Board. The company stated its board has begun the process to identify and appoint new members to fill the vacancies.
According to the press release, FitzGerald acquired the securities for investment purposes and has "no current plans or intentions to acquire or dispose of additional securities," though this may change depending on market conditions.
Greenhawk Resources is a Canadian exploration and development company that owns a 100% interest in two mineral exploration licenses and one prospecting license in Greenland, collectively known as the Storø Gold Project.
An Early Warning Report filed by FitzGerald will be available on SEDAR+, as required by securities regulations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.