NEWS
Golden Goliath Private Placement To Be Increased
Vancouver, May 6, 2020, Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F) (Frankfurt: GGZ)
VANCOUVER, CANADA – May 6, 2020: Golden Goliath Resources Ltd. (“Golden Goliath” or the “Company”) is pleased to announce that due to overwhelming demand the current non brokered private placement will be increased from a maximum of $300,000 to up to $450,000.
The original offerring 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 will be increased to up to up to 9,000,000 units. 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.