Goliath Resources Limited (TSXV: GOT | OTCQX: GOTRF | FSE: B4IF) has applied to the TSX Venture Exchange for approval to extend the expiry date of 2,590,673 outstanding common share purchase warrants held by McEwen Inc. (McEwen) The warrants, originally issued on 10 March 2025 as part of a $10M strategic non‑brokered private placement, are currently set to expire on 10 March 2026.
Each warrant allows McEwen to acquire one Goliath common share at an exercise price of $2.50. Subject to TSXV approval, the company intends to extend the expiry date by six months, pushing the new expiry to 10 September 2026. All other terms, including the $2.50 exercise price, will remain unchanged.
The warrants were issued as part of the 2025 financing in which McEwen subscribed for 5,181,347 units at a deemed price of C$1.93 per unit. In exchange, Goliath received 868,056 McEwen Inc. common shares valued at C$11.52 per share at the time of the transaction.
Goliath said the extension provides McEwen with additional time to exercise the warrants while maintaining alignment between both companies as Goliath continues advancing its exploration and development plans.
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