Goliath Raises a Total of $1,674,355 Non-Brokered Private Placement of $172,500 Flow-Through Units Closed
Goliath Raises a Total of $1,674,355
Non-Brokered Private Placement of $172,500 Flow-Through Units Closed
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
TORONTO, December 28, 2018 – Goliath Resources Limited (TSX -V: GOT) (FSE: B4IE) (OTCQB: GOTRF)
(the “Company or “Goliath”) is pleased to announce that it has closed a non-brokered private placement
of $172,500 flow-through units completed with institutions. This financing is in addition to the previously
closed non-brokered private placement s of $794,855 and $707,000 announced on December 14 , 2018
and November 27, 2018 respectively for a total of $1,674,355.
This offering consisted of flow-through units ("FT Unit") priced at $0.10 per unit.
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 paid a finders fee equal to 7% of the gross proceeds from a portion of the financing in cash
in the amount of $7,000, and 7% finders warrants in the amount of 35,000. The finders warrants are based
on the same terms and conditions as the warr ants attached to the units sold 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 warrants 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,
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
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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. 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.