NEWS
Golden Goliath Announces Private Placement
Vancouver, April 20, 2020, Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F) (Frankfurt: GGZ)
VANCOUVER, CANADA –April 20, 2020: Golden Goliath Resources Ltd. (“Golden Goliath” or the “Company”) (TSXV: GNG), is proposing a non-brokered private placement of up to 6,000,000 (the “Units”) at a price of $0.05 per unit for gross proceeds of up to $300,000.00 (the “Offering”). Each Unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at a price of $0.10 for a period of 12 months from the date of closing of the private placement.
This private placement is being offered on a non-brokered basis and the Units will be subject to a statutory hold period of four months and a day from the closing date of the Offering. The Company may pay a cash finder’s fee up to 5 percent of the gross proceeds of the private placement The Offering remains subject to regulatory approval.
The Company intends to use the net proceeds of the Offering to continue exploration work on its Kwai property in the Red Lake mining district and for general working capital.