RE:RE:very weak supportI'm seeing a small bump in interest and price lately.
Could it have something to do with GOT again??
Goliath increases financing to $14.61-million
2022-03-07 08:05 ET - News Release
Mr. Roger Rosmus reports
GOLIATH FINANCING INCREASED UP TO $14,610,000 DUE TO SIGNIFICANT DEMAND FROM STRATEGIC INVESTORS & INSTITUTIONS
Goliath Resources Ltd. has made an additional increase to its $11-million financing initially announced Feb. 11, 2022, and subsequently increased to $13,825,000 on Feb. 22, 2022. Goliath has increased this financing once more due to significant demand from strategic investors and institutions; it intends to raise up to $14.61-million of flow-through units priced at $1.19 each. These additional funds will enable Goliath to significantly expand the 2022 drill campaign at its newly discovered Surebet zone on its Golddigger property.
Crescat Capital LLC, a strategic investor, has agreed to acquire up to 19.9 per cent of Goliath postfinancing. Crescat will have an option to participate in future financings of the company to maintain its interest as long as it holds greater than 3 per cent of the issued and outstanding common shares.
On Feb. 11, 2022, Goliath announced an $11-million non-brokered flow-through financing of units priced at $1.19 each with the involvement of strategic investors. On Feb. 22, 2022, it increased the financing to $13,825,000. Each FT unit will consist of one flow-through common share plus one warrant to purchase one non-flow-through common share at $1.30 for a 24-month period. This has now been increased to $14.61-million and is scheduled to close in March, 2022.
Proceeds will be used for a significantly larger drill campaign planned at its Surebet zone in 2022 located on Goliath's Golddigger property. This will include drill testing the outer extremities of Surebet zone to determine the potential size of the system as well as the newly discovered adjacent Extension target to the southeast.
About Goliath Resources Ltd.
Goliath Resources is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and the Abitibi greenstone belt of Quebec. All of its projects are in world-class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.
highper wrote: $26.86 USD/lb cobalt
assay delays are hobbling us as far as midas and konkin drilling goes... Goliath resources our neighbor on the tonga property has the makings of a discovery but they aren't getting assay results either....
cobalt and manganese are priced well... it would be great to get a pacifico update... and maybe a plan for exploration of the kobold property..
Magnesium prices are scorching but the company remains silent on an exploration program of the roman property....
I suppose we have to wait for drill results from midas and konkin.... and hopefully of some further work on the pacifco this year... they were waiting for the geologists at UBC to analyze the cobalt samples ....