3 Million Dollars fresh funds
Goliath Resources Limited (TSX-V: GOT; OTCQB: GOTRF; FSE: B4IF) is using the tailwind of recent drilling success at its Surebet discovery in British Columbia to raise up to CAD 3 million in capital. The major shareholder Crescat Capital has already agreed to a lead order with which Crescat intends to maintain its 18% stake in the company on a pro rata basis. The fresh capital is to be raised by issuing non-flow-through shares and tax-privileged flow-through shares. The non-flow-through shares will be offered at a price of CAD 1.11. The price for the flow-through shares is CAD 1.28.
The Company intends to use the proceeds for general operating expenses and exploration programs on its properties in and around the Golden Triangle in northwestern British Columbia. 100% of the first 8 holes drilled to date during the 2024 drilling season have intersected continuous strong mineralization in the targeted veins. This includes mineralization indicating that drilling has hit the heat source of the gold mineralization system at the Surebet discovery. Abundant visible gold up to 1.30mm in size has been identified in multiple intercepts in 6 of the first 8 holes drilled in 2024, representing 75% of the holes drilled to date.
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