Goliath Announces Non-Brokered Private Placement for Existing Shareholders & Accredited Investors up to $500,000
Goliath Announces Non-Brokered Private Placement for Existing
Shareholders & Accredited Investors up to $500,000
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
TORONTO, November 21, 2019 – Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IE)
(the “Company or “Goliath”) would like to announce a non-brokered private placement of up to $500,000
in funding. The offering will consist of units priced at $0.025; each unit will consist of one (1) common
share of the Company and one (1) warrant to purchase an additional common share of the Company
priced at $0.05 for a thirty-six (36) month period.
The Offering will be made in Canada to “ac credited investors” (as that term is defined under National
Instrument 45-106 – Prospectus and Registration Exemptions) or pursuant to other applicable prospectus
and registration exemptions, or to such other qualified persons in such other jurisdictions a s the
Corporation may agree (subject to compliance with all applicable securities laws) as well as “non -
accredited investors” relying upon the Existing Shareholders Exemption.
Investors interested in participating in the Private Placement
Interested investors who wish to participate in the private placement are to contact Roger Rosmus ,
President and CEO of Goliath Resources Limited a t +1.416.488.2887 x222 or by email
Additional information for existing shareholders relying on “Existing Shareholder Exemption”
The offering will be open to participation by existing shareholders of Goliath Resources Limited as of the
record date of November 20, 2019 who wish to participate in the offering relying upon Existing
Shareholder Exemption that are not Accredited Investors is available under the Canadian securities laws.
The aggregate acquisition cost to an existing shareholder relying on the existing shareholder exemption
cannot exceed $15,000 in the 12 -month period immediately preceding the closing date of the offering,
unless that existing shareholder has obtained advice regarding suitability of the investment from a
registered investment dealer in the shareholder's jurisdiction.
Subscriptions received from existing shareholders relying on this exemption will be treated on a first come
first serve basis up to 20,000,000 Units. If subscriptions received by existing shareholders relying on this
exemption is less than 20,000,000 Units, the balance will be made available to Accredited Investors.
The Offering may close on or before December 20, 2019 in one or more tranches as subscriptions are
received as determined by the Company.
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The proposed use the proceeds are for general corporate purposes and to maintain its properties as
follows: property payments, accounting, general administration, investor relations, legal, project
planning, and regulatory fees.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and 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.
The Company may pay finder's fees equal to 7% of the gross proceeds from a portion of the financing in
cash, and 7% finders warrants equal to the number of units sold priced at $0.05 per warrant to purchase
one (1) common share of the Company for a twenty four (24) month period in accordance with the policies
of the TSX Venture Exchange. The proposed private placement and finder's fees are subject to TSX Venture
Exchange acceptance. All shares issued pursuant to th is offering and any shares issued pursuant to the
exercise of warrants will be subject to a four -month hold period from the closing date. The TSX Venture
Exchange has granted a discretionary waiver with respect to the minimum pricing of the Offered Units.
About Goliath
Goliath Resources Limited is a project generator of precious metals projects focused in the prolific
Golden Triangle and surrounding area of northwestern British Columbia. It has four separate option
agreements to acquire 100% of four highly prospective properties that include Bingo, Copperhead,
Golddigger and Lucky Strike covering over 52,000 hectares.
Further information regarding Goliath Resources Limited can be found at:
www.goliathresourcesltd.com
Contact Information:
Roger Rosmus
Chief Executive Officer
+1-416-488-2887 x222
General Disclaimer
Goliath Resources Limited "Goliath" has taken all reasonable care in producing and publishing
information contained in this news release and will endeavor to do so on a periodic basis. Material in this
news release may still contain technical or other inaccuracies, omissions, or typographical errors, for
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which Goliath assumes no responsibility. Goliath does not warrant or make any representations
regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information
on this site. Under no circumstances, including, but not limited to, negligence, shall Goliath be liable for
any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss
of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not
advised of the possibility of damage, arising from your use, or inability to use, the material from this
news release. The information is not a substitute for independent professional advice before making any
investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or
otherwise, any information on this site, except for personal use unless you have obtained our express
written permission.
Forward-Looking Statements
This news release contains forward-looking statements, including but not limited to comments regarding
predictions and projections. Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements. The Company does not intend, and does not assume any
obligation, to update these forward-looking statements.
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.