Golden Goliath Announces Private Placement
VANCOUVER, CANADA – July 14, 2023: Golden Goliath Resources Ltd. (“Golden Goliath” or the “Company”) (TSXV: GNG) (US: GGTH-F) (Frankfurt: GGZ). The Company wishes to announce a private placement of up to $400,000. The financing will consist of a combination of flow-through units priced at $0.12 with a warrant priced at $0.20and non flow-through units priced at $0.10 with a full warrant priced at $0.20. Each full warrant will entitle the holder to purchase an additional common share at a price of $0.20 for a period of 24 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 finder’s fee on a portion 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 conduct prospecting, mapping, sampling and radiometric surveys on its four Rare Earth Element properties in Quebec, as well as work on its 100% owned Ontario Gold properties in the Red Lake and Saulte Ste Marie districts and for general working capital.
About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The Company is focused on exploring and developing four Rare Earth element properties in Quebec and two gold properties in the Red Lake and Sault Ste. Marie Mining Districts of Ontario. The Company also holds a 100% interest in the San Timoteo property, located in the Sierra Madre Occidental Mountains of northwestern Mexico, as well as NSR royalties on seven other nearby properties.
To find out more about Golden Goliath visit our website at www.goldengoliath.com.