From GlobeNewswire: 2025-06-02 06:02:00

Goliath Resources Limited (TSX-V: GOT) announces a proposed “bought deal” private placement for gross proceeds of C$20,002,700. They also plan to complete a concurrent non-brokered private placement to issue up to 1,281,545 common shares at a price of C$3.17 per share for gross proceeds of up to C$4,062,500. The Company expects to raise up to C$24,065,200 in total gross proceeds. The Concurrent Offering is subject to approval from the TSX Venture Exchange and is expected to close on June 16, 2025. The funds will be used for Qualifying Expenditures on the Golddigger-Surebet Gold Project in British Columbia.

In connection with the Concurrent Offering, certain finders will receive a cash commission of 6.0% of the gross proceeds raised and Finder’s Warrants. Each Finder’s Warrant allows the holder to acquire one common share at C$1.95 within 24 months. The cash commission will be paid using the Company’s existing cash on hand. The Charity Flow-Through Shares, Finder’s Warrants, and common shares will be issued under available exemptions and subject to a hold period of four months and one day.

Goliath Resources Limited is an explorer of precious metals projects in British Columbia and a member of CASERM. Key shareholders include Crescat Capital, McEwen Mining Inc., and others. The Company’s forward-looking information includes details on the Concurrent Offering, tax treatment of the Charity Flow-Through Shares, and regulatory approvals. Goliath believes in the potential of their projects but acknowledges risks and uncertainties in the industry. The TSX Venture Exchange does not accept responsibility for the accuracy of this release.



Read more at GlobeNewswire: Goliath Resources Announces Concurrent Non-Brokered Private