Golden Goliath Resources Ltd V.GNG

NEWS

[JPSPRES]

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.

[ggrellette]

There should be NO NEED for dilution when we have rec'd money from our arrangements. So where did the money go???????????????????????????? if it did not go why then the dilution other then this is the norm for every CEO. Transparency????????????????????

[Goldman1801]

This is a mickey mouse show. Probably need to pay salaries, things just get draggggggedddd on and on and on and on. Guess people need to eat and live. Always 10 steps behind peers. News is generally waiting 10 weeks for a report.... to tell us to drill.... then funds get raised at 5 cents... bahahhaha.... missing 300k?? Come on... just take out a 2nd mortgage. This is penny pinching... while peers

[Goldman1801]

What exactly is this for anyways? Continued exploration work and general working capital? What does that even mean? Does it include salaries for executives to continue their work? Is this how it works? Put together some uneventful news to raise $300k for "working capital"?

[Goldman1801]

This is suppose to be a great property with lots of potential. Neighboring properties are moving full steam ahead. And here GNG is trying to raise $300k for "working capital".... should be raising millions and start drilling not raising pennies. Makes you wonder what this is even for... how does this $300K further this project? Who do we have to pay?

[JPSPRES]

You lie. Trying to push the market down? i know your type. Pathetic. BTW several of the insiders, including myself, are taking down part of the PP, but if you think we are scammers, sell your stock (if you have any) and go away. If you just want to bash, be careful what you say.

[Goldman1801]

No one is bashing - all legit questions. I'm sure many investors echo the same concerns (appears that way so far...). Well glad "working capital" had been clarified for everyone. At $0.05 it will take 6,000,000 shares to obtain the $300k raise.... So I guess... we wait yet again...

[tabbiebarrie]

We must remember that JPS anxiously awaited receiving funds to advance the Mexican property with a drilling program when suddenly the drug cartel moved in demanding porotection money. JPS wisely took his leave to focus on Canadian poroperties with the best discovery potential and he certainly did exactly that. Nobody is more anxious to put a drill in the ground than JPS. I think when the PP gets

[JPSPRES]

It is for the extra 40 line km of IP needed to cover the areas indicated by the recent airborne survey and for geochemistry. It is not for salaries. Are you interested or just a complainer?