Goliath Resources Limited (TSXV: GOT | OTCQB: GOTRF | Frankfurt: B4IF) has announced revised terms for its upcoming financings, which will support exploration at its flagship Golddigger‑Surebet gold project in British Columbia’s Golden Triangle.
Under a bought‑deal arrangement, the company will issue 6,310,000 Charity flow‑through shares at C$3.17 each, raising approximately C$20M. In conjunction, a non‑brokered placement of up to 1,281,545 shares at the same price is targeted to generate about C$4.06M, bringing the total financing to around C$24.07M.
To recognize underwriting and finder efforts, Goliath will issue cash fees and warrants equivalent to 6% of both the gross proceeds and the number of shares sold. The warrant exercise price for both broker and finder warrants has been increased from C$1.95 to C$2.12, while the 24‑month term remains unchanged.
Closing of both placements is scheduled for mid‑June, subject to standard regulatory approvals, including from the TSX Venture Exchange. The funds raised, which qualify as Canadian exploration and flow‑through mining expenditures, will be fully renounced to shareholders by the end of 2025, with expenditures incurred by the end of 2026.
To find out more, please visit www.goliathresourcesltd.com
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