Goliath Resources Closes $9,800,000 Non-Brokered
Key Highlights
- ➤Goliath Resources raised approximately C$9.8 million through a non-brokered flow-through share financing
- ➤Goliath issued 6,057,000 flow-through shares at C$1.62 each, with no warrants or commissions
- ➤Goliath expects approximately C$27.5 million in cash entering 2027 after the financing
- ➤Goliath has assays pending from 55 holes in its 2026 drill program
- ➤Financing proceeds will fund qualifying exploration expenditures at the Golddigger-Surebet Gold Project
Expert Statements
Roger Rosmus, Founder and CEO of Goliath Resources
“We welcome the continued support from the institutional community for our grassroots high-grade Surebet Gold Discovery at our Golddigger Property located in the Golden Triangle. The overall current market has been extremely volatile. These additional funds are an insurance policy that further enhances our strong balance sheet and puts us in a stronger position, with ~C$27.5M in cash going into 2027 and our planned exploration drill program. We look forward to announcing assays on the 55 holes that are still pending from the 2026 drill program once received, compiled and interpreted. In the interim, please check out our new Surebet Discovery Interactive 3D Model: https://got.terrahutton.io/”
TORONTO, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (Frankfurt: B4IF) (the "Company" or "Goliath Resources") is pleased to announce that it has closed a non-brokered private placement financing (the “Offering”) with institutional support for aggregate gross proceeds of approximately C$9,800,000. Under the Offering, the Company issued 6,057,000 common shares in the capital of the Company (the “FT Shares”) at a price of C$1.62 per FT Share. Each FT Share qualifies as a “flow-through share” as defined in subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”). No warrants were issued and no finder’s fees or commissions were paid in connection with the Offering.
Mr. Roger Rosmus, Founder & CEO of Goliath Resources states: “We welcome the continued support from the institutional community for our grassroots high-grade Surebet Gold Discovery at our Golddigger Property located in the Golden Triangle. The overall current market has been extremely volatile. These additional funds are an insurance policy that further enhances our strong balance sheet and puts us in a stronger position, with ~C$27.5M in cash going into 2027 and our planned exploration drill program. We look forward to announcing assays on the 55 holes that are still pending from the 2026 drill program once received, compiled and interpreted. In the interim, please check out our new Surebet Discovery Interactive 3D Model: https://got.terrahutton.io/”
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