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Goliath Resources Announces Concurrent Non-Brokered Private Placement of Charity Flow-Through Shares Following Previously Announced "Bought Deal" Offering For Combined Gross Proceeds Total Up To C$24,065,200
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNIT...
About this update from Goliath Resources Limited
[{"type":"text","content":"Goliath Resources Announces Concurrent Non-Brokered Private Placement of Charity Flow-Through Shares Following Previously Announced “Bought Deal” Offering For Combined Gross Proceeds Total Up To C$24,065,200\n\n\n\n THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES\n \n\n TORONTO, June 02, 2025 (GLOBE NEWSWIRE) --\n \n Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (Frankfurt: B4IF)\n \n (the \"\n \n Company\n \n \" or \"\n \n Goliath\n \n \") is pleased to announce that, in response to overwhelming institutional demand following the announcement of a proposed “bought deal” private placement for gross proceeds of C$20,002,700 (see the news release of the Company dated May 29, 2025) (the “\n \n Bought Deal Offering\n \n ”), the Company intends to complete a concurrent non-brokered private placement on similar terms whereby it proposes to issue up to 1,281,545 common shares of the Company (the “\n \n Charity Flow-Through Shares\n \n ”) at a price of C$3.17 per Charity Flow-Through Share for gross proceeds of up to approximately C$4,062,500 (the “\n \n Concurrent Offering\n \n ”). The Charity Flow-Through Shares will qualify as “flow-through shares” as defined in subsection 66(15) of the\n \n Income Tax Act\n \n (Canada) (the “\n \n Tax Act\n \n ”). The Concurrent Offering is intended to accommodate additional demand for the Charity Flow-Through Shares, and provides the Company with further flexibility in allocating Charity Flow-Through Shares to investors. In aggregate, the Company anticipates raising up to C$24,065,200 in total gross proceeds under the Bought Deal Offering and the Concurrent Offering.\n \n\n In consideration for the services provided to the Company in connection with the Concurrent Offering, certain finders will be entitled to receive a cash commission equal to 6.0% of the gross proceeds raised under the Concurrent Offering and such number of common share purchase warrants (“\n \n Finder’s Warrants\n \n ”) as is equal to 6.0% of the number of Charity Flow-Through Shares sold under the Concurrent Offering. Each Finder’s Warrant will entitle the holder thereof to acquire on...