Goliath Announces $11,000,000 Flow-Through, Non-Brokered Financing at $1.19 PER Unit and Strategic Investors
GOLIATH ANNOUNCES $11,000,000 FLOW-THROUGH, NON-BROKERED
FINANCING AT $1.19 PER UNIT AND STRATEGIC INVESTORS
Toronto, Ontario – February 11, 2022 – Goliath Resources Limited (TSX -V: GOT) (OTCQB: GOTRF)
(Frankfurt: B4I F) ( the “Company” or “Goliath”) is pleased to announce a $11,000,000 non-brokered
private placement of flow through units (“FT Units”) and the involvement of strategic investors. Each FT
Unit will be priced at $1.19 for gross proceeds of $11,000,000. Each FT Unit will consist of one flow -
through common share plus one warrant to purchase one non flow -through common share at $1.30 for
a 24 month period.
Proceeds will be used to fund the planned 2022 Surebet drill campaign. This will include drill testing the
outer extremities of the Surebet Zone to determine the potential size of the system.
The Company may pay a finder's fees in relation to a portion of this offering. This non-brokered private
placement is subject to TSX Venture Exchange approval. All shares issued pursuant to this offering and
any shares issued pursuant to the exercise of warrants will be subject to a four -month hold period from
the closing date.
About Goliath Resources Limited
Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of
northwestern British Columbia and the Abitibi Greenstone Belt of Quebec. All of its projects are in world
class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.
For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1.416.488.2887
https://goliathresourcesltd.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange), nor the OTCQB Venture Market accepts responsibility for the
adequacy or accuracy of this release.
Certain statements contained in this news release constitute forward -looking information. These
statements relate to future events or future perfo rmance. The use of any of the words "could", "intend",
"expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward -looking information and are based
on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual
future results may differ materially. In particular, this news release contains forward-looking information
relating to, among other things, the ability of Company to complete the financings and its ability to build
value for its shareholders as it develops its mining properties. Various assumptions or factors are typically
applied in drawing conclusions or making the forecasts or projections set o ut in forward -looking
information. Those assumptions and factors are based on information currently available to Goliath.
Although such statements are based on management's reasonable assumptions, there can be no
assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be
completed on the terms described above.
The forward-looking information contained in this news release is made as of the date hereof and Goliath
is not obligated to update or revise any for ward-looking information, whether as a result of new
information, future events or otherwise, except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly qualify any forward-looking information
contained herein.
This announcement does not constitute an offer, invitation, or recommendation to subscribe for or
purchase any securities and neither this announcement nor anything contained in it shall form the basis of
any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a
solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an
offer would be illegal.
The securities referred to herein have not been and will not be will not be registered under the United
States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may
not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as
defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such registration is available.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.