RE:RE:Tidbits for GOT Goliath Resources Ltd V.GOT Roger Rosmus's Goliath Resources Ltd. (GOT) rose nine cents to $1.25 on 628,000 shares on word it is increasing its quest for cash. A week ago, the company said it was seeking $10.1-million through the sale of charity flow-through shares at $1.975 each and regular flow-through shares at $1.44 apiece. Today, the company said it is now seeking $12.75-million through the placement -- a move that follows word that Rob McEwen has agreed to buy 800,000 of the charity flow-through shares.
On Tuesday, the company cheered word that Crescat Capital, a major backer of junior resource companies and a "strategic shareholder" of Goliath, had bought $1-million of stock. That purchase -- and buys for an additional $1.09-million of stock from others -- boosted the final tranche of a previous placement to $6.5-million. It is hard to keep track of the steady stream of cash pouring in from multiple classifications of stock across concurrent placements, but the new money is in aid of the company's high-grade Golddigger project in northwestern British Columbia.