Source: Goliath Resources Ltd.
  • Goliath Resources (GOT) has announced a non-brokered private placement for proceeds of $11,000,000
  • Each FT unit will be priced at $1.19
  • Proceeds will be used to fund the planned 2022 Surebet drill campaign
  • Goliath Resources is a precious metals exploration company 
  • Goliath Resources Limited (GOT) opened trading at C$0.85 per share

Goliath Resources (GOT) has announced a non-brokered private placement of flow-through units for proceeds of $11,000,000.

Each FT unit will be priced at $1.19. Each unit will consist of one flow-through common share plus one share purchase warrant. Warrants may be exercised to purchase one non-flow-through common share at $1.30 for a 24 month period.

Proceeds will be used to fund the planned 2022 Surebet drill campaign.

All shares issued will be subject to a four-month hold period from the closing date.

Goliath Resources Limited is a precious metals exploration company with projects in the Golden Triangle of northwestern British Columbia and the Abitibi Greenstone Belt of Quebec.

Goliath Resources Limited (GOT) opened trading at C$0.85 per share.

More From The Market Online

Silver’s new supercycle: AI demand meets shrinking supply

Silver demand is exploding—AI data centres, solar, EVs, and advanced electronics are consuming silver faster than mines can supply it.

Copper-gold explorer hits near-surface mineralization in Quebec

Troubadour Resources hit near-surface indicator mineralization at its Senneville gold, silver and copper project in Quebec.

Eloro Resources takes control of one of Bolivia’s top silver projects

Eloro Resources (TSX:ELO) acquires full economic participation and operational control of the Iska Iska silver project in Bolivia.