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Goliath Resources (TSXV:GOT) announces $11M private placement

Mining, The Market Online Deal Room
TSXV:GOT
11 February 2022 09:00 (EST)

Source: Goliath Resources Ltd.

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.

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