Golden Goliath arranges $500,000 private placement

Apr 6, 2022

2022-04-06 14:05 ET – News Release

Mr. Paul Sorbara reports

GOLDEN GOLIATH ANNOUNCES PRIVATE PLACEMENT

Golden Goliath Resources Ltd. has arranged a private placement of up to $500,000. The financing will consist of a combination of flow-through units priced at $0.05 with a half warrant priced at $0.07 and non flow-through units priced at $0.05 with a full warrant priced at $0.07. Each full warrant will entitle the holder to purchase an additional common share at a price of $0.07 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 and sampling on the Company’s Wish Ore property 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 the gold and silver potential of properties in the Red Lake District and the Sault Ste. Marie area 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 several other nearby properties.

We seek Safe Harbor.

https://goldengoliath.com/