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Goliath Resources (TSXV:GOT) increases private placement

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

Source: Goliath Resources Ltd.

Goliath Resources (GOT) has upsized its previously announced private placement financing for gross proceeds of up to $13,825,000.

On February 11, 2022, Goliath announced an $11,000,000 non-brokered flow-through financing of units priced at $1.19 each. Each FT unit will consist of one flow-through common share plus one share purchase warrant. 

This has now been increased to $13,825,000 and is scheduled to close in March 2022.

Proceeds will be used for an expanded drill campaign planned at its Surebet Zone in 2022.

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$0.95 per share.

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