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Strategic Investors Exercise Warrants Early, Goliath Resources Receives Proceeds Of $1,822,814

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Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) reports early exercise of 2,393,097 common share purchase warrants, primarily from Strategic Investors, generating proceeds of $1,822,814. These warrants were set to expire between March 25, 2025, and December 29, 2025, with strike prices up to $0.92 each. The company notes that over $9,000,000 of in-the-money warrants remain, with an average strike price of $0.63 based on the previous day's close.

Goliath Resources is an explorer of precious metals projects in British Columbia's Golden Triangle. Its flagship discovery is the Surebet at the 100% controlled Golddigger Property, covering 66,608 hectares. The company's strategic shareholders include Crescat Capital, Rob McEwen, and Eric Sprott.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) comunica l'esercizio anticipato di 2.393.097 warrant per l'acquisto di azioni ordinarie, prevalentemente da parte di Investitori Strategici, generando un'entrata di 1.822.814 dollari. Questi warrant scadevano tra il 25 marzo 2025 e il 29 dicembre 2025, con prezzi di esercizio fino a 0,92 dollari ciascuno. L'azienda osserva che rimangono oltre 9.000.000 dollari di warrant in-the-money, con un prezzo di esercizio medio di 0,63 dollari basato sulla chiusura del giorno precedente.

Goliath Resources è un esploratore di progetti di metalli preziosi nel Triangolo d'Oro della Columbia Britannica. La sua scoperta principale è la Surebet presso la Golddigger Property, interamente controllata, che copre 66.608 ettari. Gli azionisti strategici dell'azienda includono Crescat Capital, Rob McEwen ed Eric Sprott.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) informa sobre el ejercicio anticipado de 2,393,097 warrants de compra de acciones ordinarias, principalmente por parte de Inversores Estratégicos, generando ingresos de $1,822,814. Estos warrants estaban programados para expirar entre el 25 de marzo de 2025 y el 29 de diciembre de 2025, con precios de ejercicio de hasta $0.92 cada uno. La compañía señala que quedan más de $9,000,000 en warrants in-the-money, con un precio de ejercicio promedio de $0.63 basado en el cierre del día anterior.

Goliath Resources es un explorador de proyectos de metales preciosos en el Triángulo de Oro de Columbia Británica. Su descubrimiento principal es la Surebet en la Golddigger Property, completamente controlada, que abarca 66,608 hectáreas. Los accionistas estratégicos de la compañía incluyen a Crescat Capital, Rob McEwen y Eric Sprott.

고리아스 리소스(Goliath Resources) (TSX-V: GOT) (OTCQB: GOTRF)는 전략적 투자자들로부터 2,393,097개의 보통주 매수 권리를 조기 행사했다고 보고하며, 이로 인해 $1,822,814의 수익을 올렸습니다. 이 권리는 2025년 3월 25일부터 2025년 12월 29일 사이에 만료될 예정이었으며, 행사 가격은 각각 $0.92까지 올라갑니다. 회사는 $9,000,000 이상의 이익이 있는 권리가 남아 있으며, 이는 이전 날 종가 기준으로 평균 행사 가격이 $0.63입니다.

고리아스 리소스는 브리티시컬럼비아주 골든 트라이앵글에 있는 귀금속 프로젝트를 탐사하는 회사입니다. 회사의 대표적인 발견은 100% 소유한 골드디거 속성의 Surebet로, 66,608헥타르를 차지하고 있습니다. 회사의 전략적 주주로는 Crescat Capital, Rob McEwen, Eric Sprott이 있습니다.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) annonce l'exercice anticipé de 2 393 097 bons de souscription d'actions ordinaires, principalement par des investisseurs stratégiques, générant des produits de 1 822 814 $. Ces bons de souscription devaient expirer entre le 25 mars 2025 et le 29 décembre 2025, avec des prix de levée allant jusqu'à 0,92 $ chacun. La société note qu'il reste plus de 9 000 000 $ de bons de souscription in-the-money, avec un prix de levée moyen de 0,63 $ basé sur la clôture de la veille.

Goliath Resources est un explorateur de projets de métaux précieux dans le Triangle d'Or de la Colombie-Britannique. Sa découverte phare est la Surebet sur la propriété Golddigger, entièrement contrôlée, qui couvre 66 608 hectares. Les actionnaires stratégiques de l'entreprise incluent Crescat Capital, Rob McEwen et Eric Sprott.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) berichtet über die frühe Ausübung von 2.393.097 Kaufwarrants für Stammaktien, hauptsächlich von strategischen Investoren, die Einnahmen von 1.822.814 $ generieren. Diese Warrants liefen zwischen dem 25. März 2025 und dem 29. Dezember 2025 ab und hatten Ausübungspreise von bis zu 0,92 $ pro Stück. Das Unternehmen weist darauf hin, dass noch über 9.000.000 $ an wertvollen Warrants übrig sind, mit einem durchschnittlichen Ausübungspreis von 0,63 $ basierend auf dem vorherigen Schlusskurs.

Goliath Resources ist ein Erschließer von Edelmetallprojekten im Golden Triangle in British Columbia. Entdeckung des Unternehmens ist die Surebet auf der zu 100 % kontrollierten Golddigger Property, die 66.608 Hektar umfasst. Zu den strategischen Aktionären des Unternehmens gehören Crescat Capital, Rob McEwen und Eric Sprott.

Positive
  • Early exercise of warrants generating $1,822,814 in proceeds
  • Over $9,000,000 of in-the-money warrants remaining
  • 100% control of the Golddigger Property covering 66,608 hectares
  • Strategic cornerstone shareholders including Crescat Capital, Rob McEwen, and Eric Sprott
Negative
  • None.

TORONTO, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to report that based on positive drilling success early in the 2024 drill program has led to the early exercise of 2,393,097 common share purchase warrants (“Warrants”) primarily from Strategic Investors for proceeds of $1,822,814. These Warrants were all set to expire starting March 25, 2025 and the balance over the course of the year until December 29, 2025 with strike prices up to $0.92 each.

There is still over $9,000,000 of warrants that are in the money with an average strike price of $0.63 based on yesterdays close.

About Goliath Resources Limited

Goliath Resources is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM which is an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech. Goliath’s key strategic cornerstone shareholders include Crescat Capital, Mr. Rob McEwen and Mr. Eric Sprott.

The Company’s flagship discovery is the Surebet at its 100% controlled Golddigger Property. The Property covers an area of 66,608 hectares (164,592 acres) and is in the world class geological setting of the Eskay Rift, within 3 kilometers of the Red Line in the Golden Triangle of British Columbia. This area and proximity have hosted some of Canada’s greatest mines that include Eskay Creek, Premier and Snip. Other significant and well known deposits in the Golden Triangle include Brucejack, Copper Canyon, Galore Creek, Granduc, KSM, Red Chris, and Schaft Creek. Goliath controls 56 kilometers of the Red Line which is a geologic contact between Triassic age Stuhini rocks and Jurassic age Hazelton rocks used as key markers when exploring for gold-copper-silver mineralization.

For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1-416-488-2887
roger@goliathresources.com
www.goliathresourcesltd.com

Other

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of the Company to complete financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal. The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN


FAQ

How much did Goliath Resources (GOTRF) receive from the early exercise of warrants?

Goliath Resources (GOTRF) received proceeds of $1,822,814 from the early exercise of 2,393,097 common share purchase warrants.

When were the exercised warrants originally set to expire for Goliath Resources (GOTRF)?

The exercised warrants were originally set to expire between March 25, 2025, and December 29, 2025.

What is the value of remaining in-the-money warrants for Goliath Resources (GOTRF)?

Goliath Resources (GOTRF) reports over $9,000,000 of in-the-money warrants remaining, with an average strike price of $0.63.

What is Goliath Resources' (GOTRF) flagship discovery?

Goliath Resources' (GOTRF) flagship discovery is the Surebet at its 100% controlled Golddigger Property in British Columbia's Golden Triangle.

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