Goliath Resources Secures $1 Million Order from Crescat Capital
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Goliath Resources Limited Secures Major Funding
Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) is thrilled to unveil a recent achievement—closing a $1,000,000 order from strategic shareholder Crescat Capital. This transaction marks a significant milestone within a wider funding initiative aimed at raising up to $6,500,000.
Details of the Funding
This latest funding round includes an additional order that contributed $1,093,524, added to a previously established private placement funding strategy. The non-brokered financing incorporates Non-Flow-Through (NFT) shares priced at $1.11 and Flow-Through (FT) shares at $1.28, meeting the requirements set out in Canadian tax legislation.
Understanding Flow-Through Shares
Flow-through shares are an essential aspect of the Canadian mining landscape. Investors purchasing FT shares benefit from tax deductions related to eligible Canadian exploration expenses. This is particularly advantageous for those looking to invest in Goliath's promising mineral exploration projects in the Golden Triangle, an area renowned for its richness in precious metals.
Utilization of Funds
The proceeds from this funding will primarily support general operational expenses and enhance exploration activities across Goliath's properties. With a focus on exploration programs in British Columbia, Goliath Resources is eager to utilize these funds effectively to unlock the potential of its mineral resource projects.
The Regional Impact of Funding
Investments in exploration not only promise potential returns for investors but also contribute to regional development and job creation. Goliath’s operations within the Golden Triangle signify a commitment to sustainable growth in a geopolitically stable region that is favorable to mining activities.
Exploration in Golden Triangle
The Golden Triangle is home to some of the world's most productive mining operations. Goliath Resources is strategically positioned here, allowing it to leverage the region's geological advantages. Each exploration initiative contributes to enhancing the company’s understanding of the mineralization potential in their licensed areas.
Highlighting Key Partnerships
Strategic partnerships, particularly with Crescat Capital, bolster Goliath's endeavors in this competitive sector. Crescat's involvement reflects confidence in Goliath's vision and the long-term potential of its mining operations. Crescat Capital's expertise and advisory support have proven invaluable, especially given Dr. Quinton Hennigh's extensive background in geology and investment in gold and silver resource companies.
About Crescat Capital
Crescat Capital operates as a global macro asset management firm based in Denver, Colorado. With a mission to enhance long-term wealth through informed tactical investments, Crescat employs unique investment strategies across various asset classes. The firm actively invests in the mining sector, focusing on both precious and base metals, positioning itself as a formidable ally to Goliath Resources.
About Goliath Resources Limited
Based in the Golden Triangle, Goliath Resources Limited is dedicated to exploring precious metal projects. With a strong commitment to safety and sustainable practices, Goliath is known for its collaborative approach with key shareholders and partners. This synergy fosters growth while advancing meaningful exploration efforts.
Contact Information
For further details regarding Goliath Resources Limited, please reach out to:
Mr. Roger Rosmus
Founder and CEO
Tel: +1.416.488.2887
roger@goliathresources.com
www.goliathresourcesltd.com
Frequently Asked Questions
1. How much funding did Goliath Resources secure?
Goliath Resources secured a total of $1,000,000 from Crescat Capital as part of a larger funding effort worth up to $6,500,000.
2. What type of shares are included in this funding?
The funding includes both Non-Flow-Through shares priced at $1.11 and Flow-Through shares priced at $1.28, which offer tax advantages to investors.
3. Where will the proceeds be used?
The proceeds will be utilized for exploration efforts and general operational expenses on Goliath’s properties in the Golden Triangle.
4. Who is Crescat Capital?
Crescat Capital is a global asset management firm that focuses on long-term wealth growth through tactical investments, including in the mining sector.
5. What are the benefits of investing in FT shares?
Investing in Flow-Through shares allows individuals to receive tax deductions for eligible Canadian exploration expenses, making them a lucrative investment option.
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