Golden Goliath Closes First Tranche of Private
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 First Tranche of Private
Placement
VANCOUVER, CANADA – August 3, 2023: Golden Goliath Resources Ltd. (“Golden
Goliath” or the “Company”) (TSXV: GNG) (US: GGTH-F) (Frankfurt: GGZ).
The Company is pleased to announce the closing of t he first tranche of its recently announced
private placement (July 14). This first tranche tot als $204,000 consisting of 1,700,000 shares
and 1,700,000 warrants. Funds will be used to start work on the Company ʻs four REE projects
in Quebec. Securities issued will be subject to a hold period of four months and a day. The
Company paid a finders‘ fee of 8% cash and 8% warra nts having the same terms as the
warrants under the Units.
The financing of up to $400,000 consists of a combination of flow-through units priced at $0.12
with a warrant priced at $0.20 and non flow-through units priced at $0.10 with a full warrant
priced at $0.20. Each full warrant will entitle th e holder to purchase an additional common
share at a price of $0.20 for a period of 24 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 fr om the closing date of the Offering. The
Company may pay a finder’s fee on a portion of the gross proceeds of the private placement.
The Offering remains subject to regulatory approval.
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 four Rare
Earth element properties in Quebec and two gold pro perties in the Red Lake and Sault Ste.
Marie Mining Districts of Ontario. The Company also holds a 100% interest in the San Timoteo
property, located in the Sierra Madre Occidental Mo untains of northwestern Mexico, as well as
NSR royalties on seven 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]
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 and Forward-Looking Statements
This news release contains forward ‐looking statements and forward ‐looking information within
the meaning of applicable securities laws. These st atements relate to future events or future
performance. All statements other than statements o f historical fact may be forward ‐looking
statements or information. Forward ‐looking statements and information are often, but not always,
identified by the use of words such as “appear”, “s eek”, “anticipate”, “plan”, “continue”,
“estimate”, “approximate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”,
“intend”, “could”, “might”, “should”, “believe”, “w ould” and similar expressions.
Forward-looking statements and information are prov ided for the purpose of providing
information about the current expectations and plans of management of the Company relating to
the future. Readers are cautioned that reliance on such statements and information may not be
appropriate for other purposes, such as making inve stment decisions. Since forward ‐looking
statements and information address future events an d conditions, by their very nature they
involve inherent risks and uncertainties. Actual re sults could differ materially from those
currently anticipated due to a number of factors an d risks. These include, but are not limited to,
the expected timing and terms of the private placem ent, use of proceeds, anticipated work
program, required approvals in connection with the work program and the ability to obtain such
approvals. Accordingly, readers should not place un due reliance on the forward ‐looking
statements, timelines and information contained in this news release. Readers are cautioned
that the foregoing list of factors is not exhaustive.
The forward ‐looking statements and information contained in thi s news release are made as of
the date of this news release and no undertaking is given to update publicly or revise any
forward ‐looking statements or information, whether as a res ult of new information, future events
or otherwise, unless so required by applicable secu rities laws or the TSXV. The forward-looking
statements or information contained in this news re lease are expressly qualified by this
cautionary statement.
Neither the TSXV nor its Regulation Services Provid er (as that term is defined in the policies of
the CSE) accepts responsibility for the adequacy or accuracy of this release. No stock
exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.