Golden Goliath Private Placement To Be Increased
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: [email protected]
TSX.V:GNG
www.goldengoliath.com
Golden Goliath Private Placement To Be Increased
Vancouver, May 6, 2020, Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F)
(Frankfurt: GGZ)
VANCOUVER, CANADA – May 6 , 2020: Golden Goliath Resources Ltd.
(“Golden Goliath” or the “Company”) is pleased to announce that due to
overwhelming demand the current non brokered private placement will be
increased from a maximum of $300,000 to up to $450,000.
The original offerring of up to 6,000,000 (the “Units”) at a price of $0.05 per unit
for gros s proceeds of up to $300,000.00 will be increased to up to up to
9,000,000 units. Each Unit will consist of one common share and one share
purchase warrant. Each warrant will entitle the holder to purchase an additional
common share at a price of $0.10 for a period of 12 months from the date of
closing of the private placement.
This private placement is being offered on a non- brokered basis and the Units
will be subject to a statutory hold period of four months and a day from the
closing date of the Offering. The Company may pay a cash finder’s fee up to 5
percent of the gross proceeds of the private placement The Offering remains
subject to regulatory approval.
The Company intends to use the net proceeds of the Offering to continue
exploration work on its Kwai property in the Red Lake mining district and for
general working capital.
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: [email protected]
On Behalf of the Board of Directors
Paul Sorbara, MSc.PGeo
CEO, Golden Goliath Resources
About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture
Exchange (symbol GNG). The Company is focused on exploring and developing the gold and
silver potential of properties in the Red Lake District 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 Services Pr ovider (as that term is defined in
the policies of the TSX Venture Exchange ) accepts responsibility for the adequacy or accuracy of this
release.