Goliath Resources Proposes Share Consolidation

Executive Summary

• Goliath Resources Ltd. announced that shareholders will vote on a proposed share consolidation (1 new share for up to 7 old shares) at the annual and special meeting scheduled for January 14, 2026.
• The Board recommends approval, citing benefits such as higher per‑share price, greater institutional investor appeal, compliance with U.S. listing requirements, and improved flexibility for future capital raises.
• If approved, all outstanding convertible securities (stock options, RSUs, warrants) will be adjusted on a pro‑rata basis; the consolidation is subject to shareholder approval, TSX Venture Exchange consent, and any required regulatory approvals.

Key Details

• Meeting Materials: Mailed to shareholders; available on SEDARPLUS.ca and the Company website.
• Consolidation Range: Board may select any ratio from 1 new : 2 old up to 1 new : 7 old.
• Current Shares Outstanding: 171,754,056 Common Shares.
• Post‑Consolidation Share Counts (approximate):
• 1 for 2 → 85,877,028 shares
• 1 for 3 → 57,251,352 shares
• 1 for 4 → 42,938,514 shares
• 1 for 5 → 34,350,811 shares
• 1 for 6 → 28,625,676 shares
• 1 for 7 → 24,536,294 shares
• Potential Benefits Highlighted:
• Attract higher‑priced investors and institutional funds restricted by low‑price thresholds.
• Enhance flexibility for business transactions, warrant/option pricing, and potential new U.S. exchange listing.
• Improve prospects of raising additional capital at a higher per‑share price.
• Impact on Convertible Securities: All outstanding stock options, RSUs, and warrants will be proportionally adjusted if the consolidation is approved.
• Regulatory Conditions: Consolidation requires shareholder approval, TSX Venture Exchange consent, and any other applicable regulatory approvals.
• No Change to Name/Ticker Expected: The Company does not anticipate altering its corporate name or trading symbol as part of the consolidation.

Notable Quotes

(None provided in the release)