Source: Goliath Resources Ltd.
  • Goliath Resources (GOT) has closed the first tranche of its previously announced, upsized private placement for gross proceeds of $13,831,350
  • The second and final tranche is expected to close shortly for an aggregate total of $14,609,749
  • 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$0.97 per share

Goliath Resources (GOT) has closed the first tranche of its twice upsized private placement for gross proceeds of $13,831,350.

The second and final tranche is expected to close shortly for an aggregate total of $14,609,749.

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$0.97 per share.

More From The Market Online

Foraco signs drilling contracts with major US gold miners

Foraco (TSX:FAR) signs two long-term contracts with Tier-one US gold producers for a combined value of more than US$60 million.

Siemens Energy, Deutsche Bank, Almonty: Why 2025 belonged to the tankers – and 2026 will be the year of the speedboats

Siemens Energy, Deutsche Bank and Almonty Industries are leveraging technology growth, banking stability and rare tungsten production in 2026.

Take advantage of the panic: Why buy Rheinmetall, Almonty Industries and DroneShield now?

Rheinmetall, Almonty and DroneShield benefit from defense and critical-metal trends, offering growth despite volatility and governance risks.