Strategic Investors Crescat and Rob McEwen Exercise Warrants
In the last 12 months, the stock price of Goldinvest.de’s old favorite Goliath Resources (TSXV GOT / Frankfurt B4IF) has risen by about 135%. It’s no wonder that a large number of warrants from past financings are now deep in the money. Accordingly, many investors have already decided to exercise their warrants and convert them into Goliath shares. As a result, the company led by CEO Roger Rosmus has received around 3.157 million CAD since the beginning of this year alone! And it wasn’t just private investors who were involved.
As Goliath has now announced, the strategic investors Crescat Capital (holding about 14.4% of Goliath) and Mr. Rob McEwen (about 3.9%) also participated in the warrant exercises, thereby reaffirming their confidence in the company and its Golddigger project or the Surebet discovery.
According to the company, there are still a total of 6,377,964 warrants outstanding that are also deep in the money and, according to the company, have a value of 6,377,964. These warrants, with an average exercise price of 0.65 CAD, all expire this year, up to and including December 29, 2025. This includes warrants worth 3,601,475 CAD with an exercise price of 0.68 CAD, which can be exercised in the coming months up to and including May 16.
Roger Rosmus, founder and CEO of Goliath, is understandably pleased with the support of the strategic investors and long-term shareholders of the company who have already exercised their warrants early. With these funds and the potential for an additional 6,377,964 CAD from deep in-the-money warrants, the company’s already very healthy balance sheet will be further strengthened, according to Mr. Rosmus.
Accelerated Drilling Program Planned
This is because an updated modeling of the Surebet mineralization recently showed that the mentioned layer system is directly related to a reduced intrusive gold system (RIRG), the presumed source of the entire high-grade mineralization system of Surebet, from which numerous gold-bearing feeder veins originate. And it’s precisely these ‘dykes’ that Goliath will now examine more closely, after they yielded up to 12 g/t gold equivalent consisting of 11.84 g/t gold and 15.61 g/t silver, among other findings, last year!
This year, Goliath wants to use its good financial position to continue the success story of drilling in the Surebet zone – 100% hit rate so far. In doing so, they not only want to examine the Surebet discovery with its numerous layered and high-grade gold veins more closely, but also tackle a new, extremely promising target!
In light of these findings, Goliath wants to accelerate this year’s exploration activities by quickly beginning to log, sample, and examine the as-yet uninvestigated dykes, given the strong analytical results from the four feeder veins tested in 2024. As the company further explains, this data should provide excellent potential to approach the overall gold mineralization system even more precisely.
