As of March 31, 2025 financial statement, Goliath Resources (TSXV GOT) had 19,000,000 CAD of cash and liquid securities and now has added an additional 27,065,605 CAD to vigorously advance the exploration of the massive Golddigger property and particularly the already enormous Surebet gold discovery.
Because as the company just announced Goliath issued 1,281,545 so-called charity flow-through shares at 3.17 CAD per share, raising an additional 4,062,500 CAD. These shares are subject to a hold period of four months and one day from the date of issuance. Just recently, the company announced the successful completion of a bought deal financing of 23,003,103 CAD, also at 3.17 CAD per share.
In total, Goliath Resources now has 46,065,605 CAD available available to vigorously advance the exploration of the massive Golddigger property and particularly the already enormous Surebet gold discovery.
The work has already started more than successfully, but this year’s drilling campaign, planned for 40,000 meters, will still take some time. And this, despite Goliath working with nine (!) drilling rigs simultaneously.
Given this, we expect a steady stream of news and will be keeping a close eye on the stock, which has already gained slightly more than 100% since the beginning of the year!
