- Golden Goliath Resources (GNG) has announced a private placement of up to $500,000
- The financing will consist of both flow-through units priced at $0.05 with a half warrant priced at $0.07 and non-flow-through units priced at $0.05 with a full warrant priced at $0.07
- Each full warrant will entitle the holder to purchase an additional common share at a price of $0.07 for a period of 24 months from the date of closing of the private placement
- Golden Goliath Resources intends to use the net proceeds of the offering to conduct prospecting, mapping and sampling on the company’s Wish Ore property
- Golden Goliath Resources Ltd. is a junior exploration company focused on exploring and developing gold and silver
- Golden Goliath Resources (GNG) is trading at $0.05 at 10:06 AM ET.
Golden Goliath Resources (GNG) has announced a private placement for gross proceeds of up to $500,000.
The financing will consist of both flow-through units priced at $0.05 with a half warrant priced at $0.07 and non-flow-through units priced at $0.05 with a full warrant priced at $0.07.
Each full warrant will entitle the holder to purchase an additional common share at a price of $0.07 for a period of 24 months from the date of closing of the private placement.
This private placement is being offered on a non-brokered basis and the units will be subject to a statutory hold period of four months.
The company may pay a finder’s fee on a portion of the gross proceeds of the private placement.
Golden Goliath Resources intends to use the net proceeds of the offering to conduct prospecting, mapping and sampling on the company’s Wish Ore property and for general working capital.
Golden Goliath Resources Ltd. is a junior exploration company focused on exploring and developing the gold and silver potential of properties in the Red Lake District and the Sault Ste. Marie area of Ontario.
The company also holds a 100 per cent interest in the San Timoteo property, located in the Sierra Madre Occidental Mountains of northwestern Mexico, as well as NSR royalties on several other nearby properties.
Golden Goliath Resources is trading at $0.05 at 10:06 AM ET.
