Goliath Closes Non-Brokered Private Placement of $500,000 in Flow-Through Funding
Goliath Closes Non-Brokered Private Placement of
$500,000 in Flow-Through Funding
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
TORONTO, November 1, 2019 – Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IE) (the “Company or
“Goliath”) announces it has closed the non-brokered private placement announced October 29, 2019 (see release) for a
total of $500,000 in flow-through funding.
The flow-through placement was priced at $0.05 with no warrant. British Columbia residents and corporations are eligible
for BC Super Flow Through of 30% from this offering, as well, individuals in British Columbia are also entitled to receive
their 15% ITC Federal Tax Credit.
The Company paid a finder's fee of 7% cash and 7% finders warrants from a portion of the financing totaling $21,000 and
420,000 finders warrants priced at $0.07 for a twenty -four (24) month period respectively. The proposed private
placement and finder's fees are subject to TSX Venture Exchange acceptance. The flow-through shares and the underlying
non flow-through common shares of the finders warrants issued pursuant to this offering are 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 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.
These funds are currently earmarked for the newly drilled discovery of Au-Ag-Cu-Mo at the Lorne Creek Porphyry
System on its Lucky Strike Property and High-Grade Polymetallic Gold Zone at the Sure Bet discovery on its Golddigger
Property.
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
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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
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Venture Exchange), nor the OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.