Goliath Resources’ (WKN A2P063 / TSXV GOT) Golddigger project is huge in scale and, as the Surebet gold discovery shows, also has potentially huge precious metal resources. In order to advance the project as quickly as possible, Goliath has an aggressive drill program of 40,000 meters this year utilizing 9 drilling rigs. Fortunately Founder and CEO Roger Rosmus’ company is one of the few exploration companies that has no problems raising fresh funds.
This has now become evident again, as Goliath just announced that it has concluded a “bought deal” financing led by Stifel Nicolaus Canada along with syndicate members CIBC World Markets and Cormark Securities Inc. The company has issued 7,256,500 new common shares as charity flow-through shares – a form of investment intended for Canadian investors that has tax advantages at C$3.17 per share with the underwriters of the financing having exercised their over-allotment option in full. In total, Goliath will receive a gross amount of C$23,003,103.
In addition, according to Goliath, a non-brokered four month hold financing will be completed shortly in which up to 1,281,545 charity flow-through shares will be issued at C$3.17 per share. This would result in additional gross proceeds of up to C$4,062,500 for combined aggregate of C$27,065,603. This means that the coffers of this extremely promising gold explorer, which drilled visible gold in 92% of its holes in 2024, are extremely well filled and the company can now set about defining and expanding its Surebet Discovery on the Golddigger property. We are excited to see what this exploration season will bring. And Goliath Resources has already made an excellent start:
