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Goliath Resources Closes Bought Deal Private Placement for Gross Proceeds of C$26.3M
Toronto, Ontario--(Newsfile Corp. - October 23, 2025) - Goliath Resources Limited (TSXV: GOT) (O...
About this update from Goliath Resources Limited
[{"type":"text","content":"Goliath Resources Closes Bought Deal Private Placement for Gross Proceeds of C$26.3MToronto, Ontario--(Newsfile Corp. - October 23, 2025) - Goliath Resources Limited (TSXV: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the \"Company\" or \"Goliath\") is pleased to announce that it has closed its previously announced \"bought deal\" private placement offering (the \"Offering\") for aggregate gross proceeds of approximately C$26.3 million, including the exercise in full of the option granted to the Underwriters (as defined herein). The Offering was comprised of the issue and sale of: (i) 1,977,157 common shares of the Company (the \"National Flow-Through Shares\") at a price of C$4.20 per National Flow-Through Share for gross proceeds of approximately C$8.3 million; and (ii) 4,054,054 common shares of the Company (the \"BC Flow-Through Shares\", and together with the National Flow-Through Shares, the \"Flow-Through Shares\") at a price of C$4.44 per BC Flow-Through Share for gross proceeds of approximately C$18 million. All Flow-Through Shares qualify as \"flow-through shares\" as defined in subsection 66(15) of the Income Tax Act (Canada) (the \"Tax Act\").The Offering was led by Stifel Canada, as sole bookrunner and lead underwriter, together with CIBC World Markets Inc. (together, the \"Underwriters\"). The Flow-Through Shares were issued to purchasers in Canada in reliance on the \"listed issuer financing\" exemption from the prospectus requirement available under Part 5A of National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (as amended, the \"Listed Issuer Financing Exemption\"). The Flow-Through Shares issued under the Listed Issuer Financing Exemption will not be subject to a hold period pursuant to applicable Canadian securities laws. The Offering is subject to the final approval of the TSX Venture Exchange (the \"Exchange\"). The gross proceeds from the issue and sale of the Flow-Through Shares will be used to incur exploration expenses that qualify as \"Canadian exploration expenses\" as defined in subsection 66.1(6) of the Tax Act, \"flow-through mining expenditures\" as defined in subsection 127(9) of the Tax Act for purposes of the mineral exploration tax credit, and for individu...