The Prospector News

Goliath Resources Announces Closing of LIFE Offering Including the Full Exercise of Underwriters’ Option for Gross Proceeds of $23,003,105

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Goliath Resources Announces Closing of LIFE Offering Including the Full Exercise of Underwriters’ Option for Gross Proceeds of $23,003,105

 

 

 

 

 

Further to its news releases dated May 29, 2025, June 2, 2025, and June 9, 2025, Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (Frankfurt: B4IF) is pleased to announce that it has closed its “bought deal” private placement of 7,256,500 common shares of the Company at a price of C$3.17 per Charity Flow-Through Share for aggregate gross proceeds of C$23,003,103, including the exercise in full of the over-allotment option granted to the Underwriters (as defined herein).

 

The Company’s previously announced concurrent non-brokered private placement of up to 1,281,545 Charity Flow-Through Shares at a price of C$3.17 per Charity Flow-Through Share for aggregate gross proceeds of up to C$4,062,500 is expected to be completed shortly. The Charity Flow-Through Shares issued pursuant to the Concurrent Offering will be subject to a hold period expiring four months and one day from the date of issuance.

 

The Offering was led by Stifel Nicolaus Canada Inc., in its capacity as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters that included CIBC World Markets Inc. and Cormark Securities Inc. (collectively, the “Underwriters”). In consideration for services provided by the Underwriters in connection with the Offering, the Underwriters received compensation consisting of: (i) a cash commission equal to 6.0% of the gross proceeds raised under the Offering; and (ii) an aggregate 435,390 common share purchase warrants of the Company, representing 6% of the number of Charity Flow-Through Shares sold under the Offering. Each Broker Warrant is exercisable to acquire one common share of the Company at a price of C$2.12 per common share until June 16, 2027. For the avoidance of doubt, the cash commission was paid by the Company using existing cash on hand and not the gross proceeds of the Offering.

 

About Goliath Resources Limited

 

Goliath Resources is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. All of its projects are in high quality geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM which is an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech. Goliath’s key strategic cornerstone shareholders include Crescat Capital, McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), Mr. Rob McEwen, a Global Commodity Group based in Singapore, Mr. Eric Sprott and Mr. Larry Childress.

Posted June 16, 2025

Share this news article

MORE or "UNCATEGORIZED"


Impact Silver Intersects 18.03% ZnEq over 2.60m Including 23.70% ZnEq over 0.73m at the Plomosas Mine

IMPACT Silver Corp. (TSX-V: IPT) (OTCQB: ISVLF) (FSE: IKL) is ple... READ MORE

July 29, 2025

Surge Copper Announces Closing of $5.9 Million Private Placement and Provides Update on Concurrent Strategic Investment

Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2)... READ MORE

July 29, 2025

Opus One Gold Obtains 1.98 g/t Gold Over 11.9 m From Hole NO-25-21, at 400 Vertical Meters on Its Zone 1 Gold Discovery, Noyell Project

Opus One Gold Corp (TSX-V: OOR) is pleased to announce that dril... READ MORE

July 29, 2025

Silver Mountain Completes Oversubscribed $25 Million Bought Deal Prospectus Offering

Silver Mountain Resources Inc. (TSX-V: AGMR) (OTCQB: AGMRF), is... READ MORE

July 29, 2025

Mandalay Discovers New High-Grade Gold Trend at Brunswick South, Adjacent to Existing Costerfield Infrastructure

Mandalay Resources Corporation (TSX: MND) (OTCQB: MNDJF) reports ... READ MORE

July 29, 2025

Copyright 2025 The Prospector News