Goliath Resources Expands Private Placement Financing to $16.12M
Exciting Update from Goliath Resources Limited
Goliath Resources Limited has made headlines by announcing a significant increase in its non-brokered private placement financing. Originally set at $15,725,500, this amount has been raised to an impressive $16,120,500. This uptick signals a robust interest in the company and its project developments located in the Golden Triangle of northwestern British Columbia.
Details of the Offering
In this private placement, Goliath will be issuing two types of shares: Charity Flow-Through shares (CFT) and Flow-Through shares (FT). The CFT shares will be priced at $1.975 each while the FT shares will be available at $1.44 each, both without warrant. This is a strategic move that allows investors to benefit from tax incentives associated with flow-through shares in Canada.
Funding and Future Plans
The initial tranche of this offering, which closed recently, raised a total of $9,562,308. It included 3,018,000 CFT shares and 2,501,221 FT shares, paving the way for further developments. Goliath plans to utilize these proceeds primarily for exploration initiatives in its properties situated in and around the Golden Triangle, an area renowned for its rich mineral resources.
Tax Incentives and Investor Benefits
One of the attractive aspects of this investment is the tax incentives. The British Columbia Super Flow program offers BC residents a non-refundable tax credit of 20% on their flow-through mining expenditures. This tax incentive could be a significant driver for investors looking to capitalize on the burgeoning interest in the region's mining potential.
Management and Strategic Partners
Goliath Resources Limited is backed by a solid team and strategic investors, including notable figures like Crescat Capital and Mr. Rob McEwen. The management, led by Mr. Roger Rosmus, is focused on delivering value to shareholders as they advance their projects in this world-class geological setting. The support from prominent shareholders showcases the confidence in Goliath's potential to make substantial progress in its mining activities.
Exploration Focus
The focus remains on environmental responsibility and sustainable exploration practices. Goliath is committed to ensuring that its operations do not only aim for high returns but also adhere to best practices in environmental stewardship.
Investor Engagement
Goliath actively engages with its investors, ensuring transparency and fostering a collaborative investment environment. The upcoming tranche of the offering is scheduled to close soon, further solidifying Goliath's position in the market.
Frequently Asked Questions
What is the purpose of Goliath Resources Limited's private placement?
The private placement aims to raise funds for exploration-related programs in the Golden Triangle of northwestern British Columbia.
What are the prices of the shares being offered?
The Charity Flow-Through shares are priced at $1.975 each, while the Flow-Through shares are set at $1.44 each.
Who are the major shareholders of Goliath Resources Limited?
Key shareholders include Crescat Capital, Mr. Rob McEwen, and Mr. Eric Sprott, among others.
How does the British Columbia Super Flow program benefit investors?
It provides residents with a 20% non-refundable tax credit on their flow-through mining expenditures, enhancing investment attractiveness.
Who can prospective investors contact for more information?
Interested parties can reach out to Mr. Roger Rosmus, Founder and CEO, at +1.416.488.2887 or via email at roger@goliathresources.com.
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