Goliath Closes Non-Brokered Private Placement of $500,000 in Flow-Through Funding
November 01 2019 - 11:55AM
Goliath Resources Limited (TSX-V: GOT) (OTCQB:
GOTRF) (FSE: B4IE) (the “Company
or “Goliath”) announces it has closed the
non-brokered private placement announced October 29, 2019 (see
release) for a total of $500,000 in flow-through funding.
The flow-through placement was priced at $0.05
with no warrant. British Columbia residents and corporations are
eligible for BC Super Flow Through of 30% from this offering, as
well, individuals in British Columbia are also entitled to receive
their 15% ITC Federal Tax Credit.
The Company paid a finder's fee of 7% cash
and 7% finders warrants from a portion of the
financing totaling $21,000 and 420,000 finders warrants priced
at $0.07 for a twenty-four (24) month period respectively. The
proposed private placement and finder's fees are subject to TSX
Venture Exchange acceptance. The flow-through shares and the
underlying non flow-through common shares of the finders warrants
issued pursuant to this offering are subject to a four-month hold
period from the closing date.
About Goliath
Goliath Resources Limited is a project generator of
precious metals projects focused in the prolific Golden Triangle
and surrounding area of northwestern British Columbia. It has four
separate option agreements to acquire 100% of four highly
prospective properties that include Bingo, Copperhead, Golddigger
and Lucky Strike covering over 52,000 hectares.
These funds are currently earmarked for the newly drilled
discovery of Au-Ag-Cu-Mo at the Lorne Creek Porphyry System on its
Lucky Strike Property and High-Grade Polymetallic Gold Zone at the
Sure Bet discovery on its Golddigger Property.
Further information regarding Goliath Resources
Limited can be found at:www.goliathresourcesltd.com
Contact Information: Roger RosmusChief Executive
Officerroger@goliathresources.com+1-416-488-2887 x222
General Disclaimer
Goliath Resources Limited "Goliath" has taken all reasonable
care in producing and publishing information contained in this news
release and will endeavor to do so on a periodic basis. Material in
this news release may still contain technical or other
inaccuracies, omissions, or typographical errors, for which Goliath
assumes no responsibility. Goliath does not warrant or make any
representations regarding the use, validity, accuracy, completeness
or reliability of any claims, statements or information on this
site. Under no circumstances, including, but not limited to,
negligence, shall Goliath be liable for any direct, indirect,
special, incidental, consequential, or other damages, including but
not limited to, loss of programs, loss of data, loss of use of
computer of other systems, or loss of profits, whether or not
advised of the possibility of damage, arising from your use, or
inability to use, the material from this news release. The
information is not a substitute for independent professional advice
before making any investment decisions. Furthermore, you may not
modify or reproduce in any form, electronic or otherwise, any
information on this site, except for personal use unless you have
obtained our express written permission.
Forward-Looking Statements
This news release contains forward-looking statements, including
but not limited to comments regarding predictions and projections.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated in such
statements. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange), nor the OTCQB Venture Market accepts
responsibility for the adequacy or accuracy of this release.
Goliath Resources (TSXV:GOT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Goliath Resources (TSXV:GOT)
Historical Stock Chart
From Apr 2023 to Apr 2024