Source: Goliath Resources Ltd.
  • Goliath Resources (GOT) has further upsized its previously announced private placement financing for gross proceeds of up to $14,610,000
  • Each FT unit, priced at $1.19, will consist of one flow-through common share plus one share purchase warrant
  • 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$0.96 per share

Goliath Resources (GOT) has further upsized its previously announced private placement financing.

On February 22, 2022, Goliath announced an upsize to its non-brokered flow-through financing of units for gross proceeds of up to $13,825,000.

The financing has been increased to $14,610,000.

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

Proceeds will be used to fund a significantly larger drill campaign planned at its Surebet Zone in 2022 located on Goliath’s Golddigger property.

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$0.96 per share.

More From The Market Online

Pan American Energy reveals results from Big Mack project

Pan American Energy (CSE:PNRG) reveals assay results from its 2023-2024 diamond drill project at the Big Mack Lithium Project in Ontario.

Adyton to recommence work at its Feni Island Project

Adyton Resources (TSXV:ADY) gears up to restart work activities at its Feni Island Gold-Copper Project in Papua New Guinea.

This company starts production at what could be Canada’s next great gold mine 

IAMGOLD (TSX:IMG) is a Canadian-based intermediate gold producer and developer focused on mining properties in North America and West Africa.

Teck misses Q1 profit estimates on lower steelmaking coal sales

Canadian mining stock Teck Resources Ltd. (TSX:TECK.A and TECK.B; NYSE:TECK) misses Q1 profit estimates on Thursday.