Golden Goliath closes second tranche of financing

May 18, 2022

2022-05-18 13:09 ET – News Release

Mr. Paul Sorbara reports

GOLDEN GOLIATH CLOSES SECOND TRANCHE OF THE PRIVATE PLACEMENT

Further to Golden Goliath Resources Ltd. news release of March 9, 2021, the company has closed the previously announced financing. The second tranche of the financing was for 100,000 non-flow-through shares priced at 10 cents with a full warrant priced at 20 cents. Each full warrant will entitle the holder to purchase an additional common share at a price of 20 cents for a period of 24 months from the date of closing of the private placement. Shares issued pursuant to this closing will be subject to a hold period expiring May 18, 2021.

These funds were used to continue drilling on the company’s Kwai property in the Red Lake mining district.

About Golden Goliath Resources Ltd.

Golden Goliath Resources is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The company is focused on exploring and developing the gold and silver potential of properties in the Red Lake district of Ontario. The company also holds a 100-per-cent interest in the San Timoteo property, located in the Sierra Madre Occidental Mountains of northwestern Mexico, as well as net smelter return royalties on several other nearby properties.

We seek Safe Harbor.

https://goldengoliath.com/