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Goliath Resources (TSXV:GOT) increases private placement

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

Source: Goliath Resources Ltd.

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.

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