Golden Goliath arranges $600,000 private placement

Executive Summary

• Golden Goliath Resources Ltd. announced a private placement of up to $600,000 in units priced at C$0.12 each, each unit including a full warrant to purchase an additional common share at C$0.15 for 12 months.
• The offering includes participation by related parties and relies on MI 61‑101 exemptions; units are subject to a statutory hold period of four months and one day.
• Net proceeds will be used to acquire crushing equipment, conveyors, leach tanks, and other processing infrastructure for the company’s partnership in Egypt, as well as for general working capital.

Key Details

• Offering Size: Up to C$600,000 gross proceeds.
• Unit Price: C$0.12 per unit.
• Warrant Terms: Each warrant allows purchase of one additional common share at C$0.15 per share; exercisable for 12 months from closing date.
• Related Party Participation: The placement includes related parties, constituting a related‑party transaction under MI 61‑101.
• Exemptions Utilized: “Issuer Not Listed on Specified Markets” and “Fair Market Value Not More Than $2.5‑million” exemptions applied; no minority shareholder approval required.
• Statutory Hold Period: Units subject to a hold period of four months plus one day from closing.
• Regulatory Status: Offering remains subject to regulatory approval.
• Use of Proceeds: Acquisition of crushing equipment, conveyors, leach tanks, and related processing infrastructure for the company’s Egyptian partnership; remainder allocated to general working capital.

Notable Quotes

(No direct quotes provided in the release.)