Goliath Resources Limited (TSXV:GOT) announced the successful closure of its bought deal private placement, selling 7,256,500 Charity Flow-Through Shares at C$3.17 per share, totalling gross proceeds of C$23,003,103. The offering included an over-allotment option and was led by Stifel Nicolaus Canada Inc. and other underwriters. Additionally, a concurrent non-brokered private placement of up to 1,281,545 shares is expected to be finalized soon.
The underwriters received a 6% cash commission and 435,390 Broker Warrants, each exercisable at C$2.12 until June 16, 2027. Proceeds from the offering will be directed toward exploration of the Golddigger-Surebet Project and eligible exploration expenses under Canadian tax laws, with a focus on flow-through mining expenditures for investors in British Columbia. These expenses will be incurred by December 31, 2026, with tax benefits for participating subscribers.
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