Golden Goliath Announces Private Placement
Golden Goliath Resources (TSXV: GNG) has announced a private placement offering to raise up to $1,000,000. The offering consists of units priced at $0.05 with each unit including a full warrant exercisable at $0.08 for 12 months from closing.
The company has engaged Clarence Financial as corporate advisor, who will receive a 5% cash and warrant finder's fee. The proceeds will fund exploration at the Wishore Property in Red Lake, Ontario, potential asset acquisitions, and working capital needs.
Golden Goliath Resources (TSXV: GNG) ha annunciato un'offerta di collocamento privato per raccogliere fino a 1.000.000 di dollari. L'offerta prevede unità al prezzo di 0,05 dollari, ciascuna comprendente un warrant completo esercitabile a 0,08 dollari per 12 mesi dalla chiusura.
L'azienda ha incaricato Clarence Financial come consulente aziendale, che riceverà una commissione del 5% in contanti e warrant. I proventi finanzieranno l'esplorazione nella Wishore Property a Red Lake, Ontario, potenziali acquisizioni di asset e le necessità di capitale operativo.
Golden Goliath Resources (TSXV: GNG) ha anunciado una oferta privada para recaudar hasta 1,000,000 de dólares. La oferta consiste en unidades con un precio de 0.05 dólares, cada unidad incluye un warrant completo ejercitable a 0.08 dólares durante 12 meses desde el cierre.
La compañía ha contratado a Clarence Financial como asesor corporativo, quien recibirá una comisión del 5% en efectivo y warrants. Los fondos se destinarán a la exploración en la Wishore Property en Red Lake, Ontario, posibles adquisiciones de activos y necesidades de capital de trabajo.
Golden Goliath Resources (TSXV: GNG)는 최대 1,000,000달러를 모금하기 위한 사모 발행을 발표했습니다. 이 발행은 단위당 0.05달러 가격의 유닛으로 구성되며, 각 유닛에는 종료일로부터 12개월 동안 0.08달러에 행사할 수 있는 완전한 워런트가 포함되어 있습니다.
회사는 기업 자문사로 Clarence Financial을 선정했으며, 이들은 5%의 현금 및 워런트 소개 수수료를 받게 됩니다. 자금은 온타리오 레드레이크의 Wishore Property 탐사, 잠재적 자산 인수 및 운전자본 필요에 사용될 예정입니다.
Golden Goliath Resources (TSXV : GNG) a annoncé une émission privée visant à lever jusqu'à 1 000 000 $. L'offre consiste en des unités au prix de 0,05 $, chaque unité incluant un bon de souscription complet exerçable à 0,08 $ pendant 12 mois à compter de la clôture.
La société a engagé Clarence Financial en tant que conseiller d'entreprise, qui recevra une commission de 5 % en espèces et en bons de souscription. Les fonds serviront à financer l'exploration sur la Wishore Property à Red Lake, Ontario, d'éventuelles acquisitions d'actifs et les besoins en fonds de roulement.
Golden Goliath Resources (TSXV: GNG) hat eine Privatplatzierung angekündigt, um bis zu 1.000.000 US-Dollar zu beschaffen. Das Angebot besteht aus Einheiten zum Preis von 0,05 US-Dollar, wobei jede Einheit einen vollständigen Warrant enthält, der ab dem Abschluss 12 Monate lang zu 0,08 US-Dollar ausgeübt werden kann.
Das Unternehmen hat Clarence Financial als Unternehmensberater engagiert, der eine Findergebühr von 5 % in bar und in Warrants erhält. Die Erlöse werden die Erkundung des Wishore Property in Red Lake, Ontario, potenzielle Vermögensakquisitionen und den Betriebskapitalbedarf finanzieren.
- Raising up to $1,000,000 to fund exploration and growth initiatives
- Strategic exploration planned for Wishore Property in the promising Red Lake area
- Full warrant offering provides potential additional future funding at $0.08 per share
- 5% finder's fee in cash and warrants reduces net proceeds
- Significant dilution at $0.05 per unit offering price
- Additional dilution possible from warrant exercise at $0.08
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2025) - Golden Goliath Resources Ltd. (TSXV: GNG) ("Golden Goliath" or the "Company"). The Company wishes to announce a private placement of up to
The Company has retained Clarence Financial Pty Ltd. ("Clarence") as corporate advisor and agreed to pay Clarence a finder's fee of
The Units will be subject to a statutory hold period of four months and a day from the closing date of the Offering. The Offering remains subject to regulatory approval.
The Company intends to use the net proceeds of the Offering to conduct exploration activities on its Wishore Property in the Red Lake area, Ontario, asset acquisition investigations and for general working capital.
About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company based in Vancouver, B.C., focused on the exploration and development of precious metal properties in mining-friendly jurisdictions. The Company is actively exploring its projects in Ontario's Red Lake District and other high-potential areas in Canada.
To find out more about Golden Goliath, visit our website at www.goldengoliath.com.
FOR MORE INFORMATION, CONTACT:
Golden Goliath Resources Ltd.
J. Paul Sorbara, M.Sc., Geology
Chairman
Phone: +1(604) 682-2950 Email: jps@goldengoliath.com
Cautionary and Forward-Looking Statements
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. Forward‐looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the expected timing and terms of the private placement, use of proceeds, anticipated work program, required approvals in connection with the work program and the ability to obtain such approvals. Accordingly, readers should not place undue reliance on the forward‐looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.
The forward‐looking statements and information contained in this news release are made as of the date of this news release and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the TSXV. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258065
FAQ
What are the terms of Golden Goliath's (TSXV: GNG) private placement announced in July 2025?
How will Golden Goliath use the proceeds from the July 2025 private placement?
What is the finder's fee structure for Golden Goliath's 2025 private placement?
What is the hold period for Golden Goliath's private placement units?
When do the warrants from Golden Goliath's 2025 private placement expire?
