Goliath Announces Concurrent Financing
GOLIATH ANNOUNCES CONCURRENT FINANCING
Toronto, Ontario – March 1, 2021 – Goliath Resources Limited (TSX -V: GOT) (OTCQB:
GOTRF) (Frankfurt: B4I F) ( the “Company” or “Goliath”) is pleased to announce a
concurrent non-brokered private placement (the " Concurrent Offering ") in addition to the
financing announced February 10, 2021 (see News Release).
The Concurrent Offering will consist of up to 930,000 units (“Units”) priced at $0. 60 per Unit
for gross proceeds of up to $558,000. Each Unit will consist of one common share (a "Common
Share") and one common share purchase warrant (a " Warrant"), each War rant entitling the
holder to purchase one additional Common S hare at a price of $0.95 for a twenty-four month
period and subject to an accelerator clause. The Company shall have the right to accelerate the
exercise period after the 4 month hold period has expired and its Common S hares close for
trading at or above $1. 50 for a period of 20 consecutive trading days . It is anticipated that the
closing of the Concurrent Offering will take place during the first week of March 20 21. Crescat
Capital LLC will be participating to maintain a 9.9% interest post funding.
The Company will not be paying any finder's fees in relation to th e Concurrent O ffering. The
Concurrent Offering is subject to TSX Venture Exchange a pproval. All Common Shares issued
pursuant to this offering and any Common Shares issued pursuant to the exercise of the Warrants
will be subject to a four-month hold period from the date of issuance.
About Goliath Resources Limited
Goliath Res ources Limited is an explorer of p recious metals projects in the prolific Golden
Triangle of northwestern British Columbia and 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
President and Chief Executive Officer
Tel: +1-416-488-2887 x222
www.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 press release constitute forward -looking information. These
statements relate to future events or future perf ormance. 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 release contains forward -looking information
relating to, among other things , the abil ity of Company to complete the Concurrent Offering 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 out in
forward-looking information. Those assumptions and factors are based on information c urrently
available to Goliath. Although such statements are based on management's reasonable assumptions,
there can be no assurance that the propos ed 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 release is made as of the date hereof and Goliath is
not obligated to update or rev ise any forward -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 undu e 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 st ate 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.