Golden Goliath increases financing to $1.2-million

Executive Summary

• Golden Goliath Resources Ltd. announced an increased private placement of up to $1.2 million.
• Units are priced at $0.05 each and include a full warrant allowing purchase of additional common shares at $0.08 for 12 months post‑closing.
• Net proceeds will fund exploration on the Wishore property (Red Lake, Ontario), asset acquisition investigations, and general working capital.

Key Details

• Placement Size: Up to $1.2 million (increase from prior announcement).
• Unit Structure: Each unit = 1 common share + 1 full warrant; price per unit $0.05.
• Warrant Terms: Right to purchase an additional common share at $0.08 per share, exercisable for 12 months after closing.
• Adviser & Finder’s Fee: Clarence Financial Pty. Ltd. retained as corporate adviser; receives 5 % cash and 5 % of warrants (same terms as placement warrants).
• Statutory Hold Period: Units subject to a four‑month‑and‑a‑day hold period from closing date.
• Regulatory Condition: Offering remains subject to regulatory approval.
• Use of Proceeds:
• Exploration activities on the Wishore property (Red Lake, Ontario).
• Asset acquisition investigations.
• General working capital.

Notable Quotes

(No direct quotes provided in the release.)