Goliath Arranges Non-Brokered Private Placement Of Up To $250,000 Flow-Through Units
Goliath Arranges Non-Brokered Private Placement Of
Up To $250,000 Flow-Through Units
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
TORONTO, December 21, 2018 – Goliath Resources Limited (TSX -V: GOT) (FSE: B4IE) (OTCQB: GOTRF)
(the “Company or “Goliath”) is pleased to announce that it has received a dditional interest from
institutions and accredited investors alike to subscribe to a non-brokered private placement of up to
$250,000 flow-through units. This financing is in additional to the previously closed non-brokered private
placements of $794,855 and $707,000 announced on December 14 , 2018 and November 27, 2018
respectively.
The offering will consist of flow-through units ("FT Unit") priced at $0.10 per unit. Funds will be used for
exploration activities in British Columbia and it is scheduled to close next week.
Each FT Unit will be comprised of one common share which is a "flow-through" share for Canadian income
tax purposes and one half (1/2) share purchase warrant (each full warrant a "$0.20 Warrant"). Each $0.20
Warrant will entitle the holder to purchase one additional common share which is not a "flow -through"
share at the price of $0.20 for 24 months after closing. If at any time after four months after the date of
completion of the offering the Company's Shares have a closing price equal to or higher than $0.40 per
Share for ten (10) consecutive trading days on the TSX-V (as defined herein), the Company shall thereafter
be entitled to give notice to the holders of all $0.20 Warrants , by news release, that such warrants will
expire at 4:30 p.m. (Toronto time) on that date which is 30 days after the date of such news release unless
exercised before the expiry of that period.
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 based on the same terms, conditions and
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 the offering and any
shares issued pursuant to the exercise of warra nts will be subject to a four -month hold period from the
closing date.
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 controls 100% four highly
prospective properties that include Bingo, Golddigger, Lucky Strike and Copperhead covering over
44,000 hectares. All four properties have brand new discoveries that all have returned anomalous gold,
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silver and/or copper in grab and channel samples from exposed bedrock at surface. These new
discoveries occurred in an area of glacial recession and snowpack melting in a world class geological
setting where world class deposits have been found. Inaugural drill programs were completed this year
at both the Lucky Strike and Copperhead properties.
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
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. More particularly, this document contains statements concerning the
benefits of the listing of the Company's shares on OTCQB. Forward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ
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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.