Business
Golden Goliath Resources Ltd. - Placement increased to $6,000,000
Golden Goliath Resources Ltd. - Placement increased to $6,000,000.
About this update from Golden Goliath Resources Ltd.
[{"type":"text","content":"\n\n\n\nTSX.V: GNG\n\n\nUS:GGTH-F\n\n\nVANCOUVER, March 1 /CNW/ - Further to the Company's news release of\nFebruary 26, the Company is pleased to report it has increased the size of its\npreviously announced private placement of up to 3,750,000 units at a price of\n$0.40 per unit to 15,000,000 units at a price of $0.40. In doing so, the\nCompany has engaged Bolder Investment Partners, Ltd. as agent. They will\nreceive a commission of 7.5%, of which it may elect to take up to half in\nUnits, 10% Agent's warrants having the same terms as the warrants under the\nUnits and a $7,500 cash work fee. Closing of the placement is subject to\nregulatory approval.\n\n\nEach unit shall consist of one common share and one non-transferable\nshare purchase warrant exercisable for a period of two years at a price of\n$0.45 for each warrant. Once resale restrictions on the Shares having expired\nand upon Golden Goliath's shares trading at or above a weighted average\ntrading price of $0.75 for 20 consecutive trading days Golden Goliath may give\nnotice that the Warrants will expire 30 days from the date of providing such\nnotice (in writing to Warrant holders and via a news release). The proceeds\nwill be used to expand the current exploration drilling programs at the\nCompany's 100% owned Las Bolas, San Timoteo and La Reforma projects located in\nthe Uruachic mining camp in the Sierra Madre mountain range, State of\nChihuahua, Mexico; and will also provide funds for preliminary exploration\nwork at the Company's La Cruz and Chamizal Properties located in the central\npart of Chihuahua State.\n\n\nON BEHALF OF GOLDEN GOLIATH RESOURCES LTD.\n\n\nJ. Paul Sorbara, M.Sc., P.Geo.\n\n\nPresident\n\n\n The TSX Venture Exchange has not reviewed and does not approve or\n disapprove the adequacy or accuracy of this release.\n\n\n","length":1925,"tagName":"div"}]