Corporate Office – Canada Corporate Office – Mexico
Suite 711 675 West Hastings Street, Vancouver, BC Minera Delta S.A. de C.V.
V6B-1N2, Canada C. Juan Felipe Orozco #516 Tel: (604) 682-2950 Col. San Felipe 31240 Chihuahua, Chih.
Fax: (604) 685-3764 Tel and Fax: (011 52) 614 414 6226
Email: [email protected] Email: danielnosfriet [email protected]
TSX.V:GNG www.goldengoliath.com
Golden Goliath Closes Second Tranche of the
Private Placement
Vancouver, May 25, 2022, Golden Goliath Resources L td. (TSX.V GNG ) (US: GGTH-F) (Frankfurt: GGZ)
VANCOUVER, CANADA – May 25, 2022: Further to Golden Goliath Resources Ltd.‘s (“Golden Goliath” or the “Company”) news release of April 6, 2022, the Company is pleased to announce the closing of the financing. The financing was for 6,000,000 non-flow through shares priced at $0.05 with a full warrant priced at $0.07. Each full warrant will entitle the holder to purchase an additional common share a t a price of $0.20 for a period of 24 months from the date of closing of the private plac ement. Shares issued pursuant to this closing will be subject to a hold period expiring September 3, 2022.
These funds will be used to conduct prospecting, ma pping and sampling on the Company’s Wish Ore Property and for general working capital.
About Golden Goliath
Golden Goliath Resources Ltd. is a junior explorati on company listed on the TSX Venture Exchange (symbol GNG). The Company is focused on ex ploring and developing the gold and silver potential of properties in the Red Lake Dist rict of Ontario. The Company also holds a 100% interest in the San Timoteo property, located in the Sierra Madre Occidental Mountains of northwestern Mexico, as well as NSR royalties on several other nearby properties.
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., P.Geo President & CEO Phone: +1(604) 682-2950 Email: [email protected] Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the policies of the TSX Venture Exchange ) accepts responsibility for the adequacy or accura cy of this release.
Corporate Office – Canada Corporate Office – Mexico
Suite 711 675 West Hastings Street, Vancouver, BC Minera Delta S.A. de C.V.
V6B-1N2, Canada C. Juan Felipe Orozco #516 Tel: (604) 682-2950 Col. San Felipe 31240 Chihuahua, Chih.
Fax: (604) 685-3764 Tel and Fax: (011 52) 614 414 6226
Email: [email protected] Email: danielnosfriet [email protected] Cautionary Statements Regarding Forward Looking Information Certain statements included herein may constitute “ forward-looking statements”. All statements included in this press release that address future events, conditions or results, including in connection with exploration activity, future acquis itions and any financing, are forward-looking statements. These forward-looking statements can be identified by the use of words such as “may”, “must”, “plan”, “believe”, “expect”, “estima te”, “think”, “continue”, “should”, “will”, “could” , “intend”, “anticipate” or “future” or the negative forms thereof or similar variations. These forward-looking statements are based on certain ass umptions and analyses made by management in light of their experiences and their perception of historical trends, current conditions and expected future developments, as wel l as other factors they believe are appropriate in the circumstances. These statements are subject to risks, uncertainties and assumptions, including those mentioned in the Compa ny’s continuous disclosure documents, which can be found under its profile on SEDAR ( www.sedar.com ). Many of such risks and uncertainties are outside the control of the Compan y and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In making such forward-looking statements, management has relied u pon a number of material factors and assumptions, on the basis of currently available information, for which there is no insurance that such information will prove accurate. All forward-l ooking statements are expressly qualified in their entirety by the cautionary statements set forth above. The Company is under no obligation, and expressly disclaims any intention or obligation , to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.