3 Million Dollars fresh funds
Rob McEwen, Crescat Capital LLC and another strategic institutional investor have once again increased their stake in gold explorer Goliath Resources Limited (TSX-V: GOT; OTCQB: GOTRF, FSE: B4IF). As the company announced, a financing round totaling CAD 3 million was concluded shortly before Christmas. These are tax-favored Charity Flow Through units (“CFT”) at a price of CAD 1.155 per CFT.
Rob McEwen increased his stake in the company by doubling his position on a partially diluted (“P/D”) basis to more than 5%. Crescat Capital LLC (“Crescat”), Goliath’s largest shareholder, and a strategic institutional shareholder also acquired units to maintain their holdings of 18.4% (P/D) and 9.9% (P/D), respectively.
McEwen is the founder and former Chairman of Goldcorp Inc. where he discovered, built, and operated the Red Lake Mine in Ontario, which was acquired by Newmont Mining for US$10 billion in 2019. He is currently Chairman and principal owner of McEwen Mining Inc. a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina and a major copper development project.
Crescat Capital is Goliath’s largest shareholder and a global macro asset management company headquartered in Denver, Colorado. Crescat Capital’s mission is to build and protect long-term wealth through the use of tactical investment themes based on proprietary value-oriented equity and macro models. Crescat Capital’s objective is to deliver industry-leading absolute and risk-adjusted returns over complete economic cycles with low correlation to common benchmarks. Crescat Capital’s investment process incorporates a mix of asset classes and strategies to support each client’s individual needs and objectives and includes global macro, long/short and precious metals funds.
Crescat Capital is advised by Dr. Quinton Hennigh, its Geological and Technical Director, on investments in gold and silver resource companies.
Rob McEwan recently spoke in an interview with www.goldinvest.de about his reasons for investing in Goliath Resources. You can find the entire interview under the following link (Goliath Resources from 18:04 minutes): https://youtu.be/-OSGGShjFwA?si=EKhwb3u5ISfkgWjt&t=1083
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