News Release
Vancouver, Canada, March 25, 2015 Golden Goliath Resources Ltd. (TSX.V: GNG) (US:GGTH-F)
Golden Goliath Resources Ltd. held its annual general meeting (AGM) on March 24 in the afternoon in its Vancouver office. The company is pleased to announce that all proposals passed by a wide margin of votes. The number of directors has been reduced from seven to five, as Andy Robinson and David Moore did not run for re-election due to personal workloads. The company thanks both of them for their service and appreciates their time, efforts and other contributions.
Although a possible share consolidation was approved at the AGM, the company has no plans to consolidate at this time. No equity financings are currently planned due to market conditions. The company looks to advance the properties by way of partnerships and strategic alliances, and is currently in the due diligence stage of negotiations with a major company in this regard. Cost-cutting measures continue company-wide, including the payment of any management fees.
The company has no other material changes and is unaware of any reason for the current market activity.