12,75m C$ to be raised over all
It was actually “only” supposed to be 10,116,750 dollars that gold explorer Goliath Resources (WKN A2P063 / TSXV GOT) wanted to raise via a financing round consisting of so-called charity flow-through and flow-through shares for further exploration of the huge Golddigger gold project. Apparently, however, the interest is so great that the placement has now been topped up again!
A total of 12,750,000 dollars will now flow into the company’s coffers in a combination of charity flow-through shares at CAD 1.975 per share and flow-through shares at CAD 1.44 per share. (Charity and flow-through shares provide tax advantages to Canadian investors). This is Goliath’s response to the continued success in the exploration of the Golddigger property, and in particular the Surebet discovery made there, where eight (!) drill rigs are now active.
Mining investor Rob McEwen buys another 800,000 Goliath shares
It is also interesting to note that, according to Goliath, mining legend Rob McEwen has agreed to increase his stake in the company by 800,000 shares alongside a strategic, globally active commodities group from Singapore. Following completion of the financing, the mining entrepreneur now holds 3.8% of CEO Roger Rosmus’ company.
One may complain that more and more new Goliath shares are being issued, but in the current market environment, in which it is still extremely difficult for many explorers to obtain fresh capital, we think it is good that Mr. Rosmus is making sure that his company is well financed. Especially as this year’s drilling program has once again made it clear that Golddigger is a true “monster” of a gold project. We are now looking forward to the next news from the field!
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