Crescat Capital and Rob McEwen exercise warrants
In the last 12 months, the price of Goldinvest.de’s old favorite Goliath Resources (TSXV GOT / Frankfurt B4IF) has risen by around 135%. 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. CEO Roger Rosmus‘ company has received around CAD 3.157 million from this since the beginning of this year alone! And it was by no means just private investors who were involved.
As Goliath has now announced, strategic investors Crescat Capital (holds around 14.4% of Goliath) and Mr. Rob McEwen (around 3.9%) have also participated in the warrant exercises, thereby reaffirming their confidence in the company and its Golddigger project which includes the Surebet discovery.
Additional 6.38 million CAD dollars in potential exercises still available
Even now, according to the company, a total of 6,377,964 warrants are still outstanding, which are also deep in the money and represent a value of C$6,377,964. These warrants, with an average exercise price of CAD 0.65, all expire this year, up to and including December 29, 2025, and include warrants with an equivalent value of CAD 3,601,475 with an average exercise price of CAD 0.68, which can be exercised in the coming months up to and including May 16, 2025.
Roger Rosmus, founder and CEO of Goliath, is understandably pleased with the support of the Company’s strategic investors and long-term shareholders in particular, who have 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, said Mr. Rosmus.
Funds to be used for accelerated Surebet exploration drilling
This year, Goliath intends to use the strong financial resources to continue the success story of drilling in the Surebet zone – a 100% hit rate to date. Not only will the Surebet discovery with its numerous stacked, high-grade gold veins be investigated in more detail, but a new, extremely promising target will also be tackled!
This is because updated modelling of the Surebet mineralization recently showed that the stacked veins system mentioned is directly related to a reduced intrusive gold system (RIRG), the presumed source of the entire Surebet high-grade mineralization system, from which numerous high-grade gold-bearing feeder dykes emanate. And it is precisely these „dykes“ that Goliath will now investigate in more detail, after up to 12 g/t gold equivalent consisting of 11.84 g/t gold and 15.61 g/t silver over 10 metres (~true width) were detected in them last year, among other things!
In light of these findings, Goliath intends to accelerate exploration activities this year by starting to log and assay the untested drill core from 2021 – 2024 that intercepted the dykes as soon as possible given the strong assay results from the four feeder veins tested in 2024. As the company continues, this data should provide excellent potential to further target the overall gold mineralization system.
