Corporate Office – Canada Corporate Office – Mexico
Suite 711 675 West Hastings Street, Vancouver, BC Minera Delta S.A. de C.V.
V6B-1N2, Canada C. Juan Felipe Orozco #516 Tel: (604) 682-2950 Col. San Felipe 31240 Chihuahua, Chih.
Fax: (604) 685-3764 Tel and Fax: (011 52) 614 414 6226
Email: [email protected] Email: danielnosfriet [email protected] TSX.V:GNG www.goldengoliath.com
Golden Goliath Announces Private Placement
VANCOUVER, CANADA – January 17, 2024: Golden Goliat h Resources Ltd. (“Golden Goliath” or the “Company”) (TSXV: GNG) (US: GGTH-F) (Frankfurt: GGZ). The Company wishes to announce a private placement of up to $1, 900,000. The financing will consist of a combination of flow-through units priced at $0.11 w ith a warrant priced at $0.16 and non flowthrough units priced at $0.08 with a full warrant p riced at $0.16. Each full warrant will entitle the holder to purchase an additional common share a t a price of $0.16 for a period of 24 months from the date of closing of the private placement.
This private placement is being offered on a non-brokered basis and the Units will be subject to a statutory hold period of four months and a day fr om the closing date of the Offering. The Company may pay a finder’s fee on a portion of the gross proceeds of the private placement. The Offering remains subject to regulatory approval.
The Company intends to use the net proceeds of the Offering to conduct drilling on its Wishore Property in the Red Lake area, Ontario and ground w ork to identify drill targets on its Rare Earth Element properties in Quebec and for general working capital.
About Golden Goliath
Golden Goliath Resources Ltd. is a junior explorati on company listed on the TSX Venture Exchange (symbol GNG). The Company is focused on ex ploring and developing four Rare Earth element properties in Quebec and two gold pro perties in the Red Lake and Sault Ste. Marie Mining Districts of Ontario. The Company also holds a 100% interest in the San Timoteo property, located in the Sierra Madre Occidental Mo untains of northwestern Mexico, as well as NSR royalties on seven other nearby properties.
To find out more about Golden Goliath visit our website at www.goldengoliath.com .
FOR MORE INFORMATION CONTACT:
Golden Goliath Resources Ltd.
J. Paul Sorbara, M.Sc., P.Geo President & CEO Phone: +1(604) 682-2950 Email: [email protected]
Corporate Office – Canada Corporate Office – Mexico
Suite 711 675 West Hastings Street, Vancouver, BC Minera Delta S.A. de C.V.
V6B-1N2, Canada C. Juan Felipe Orozco #516 Tel: (604) 682-2950 Col. San Felipe 31240 Chihuahua, Chih.
Fax: (604) 685-3764 Tel and Fax: (011 52) 614 414 6226
Email: [email protected] Email: danielnosfriet [email protected] Cautionary and Forward-Looking Statements This news release contains forward ‐looking statements and forward ‐looking information within the meaning of applicable securities laws. These st atements relate to future events or future performance. All statements other than statements o f historical fact may be forward ‐looking statements or information. Forward ‐looking statements and information are often, but not always, identified by the use of words such as “appear”, “s eek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “w ould” and similar expressions.
Forward-looking statements and information are prov ided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making inve stment decisions. Since forward ‐looking statements and information address future events an d conditions, by their very nature they involve inherent risks and uncertainties. Actual re sults could differ materially from those currently anticipated due to a number of factors an d risks. These include, but are not limited to, the expected timing and terms of the private placem ent, use of proceeds, anticipated work program, required approvals in connection with the work program and the ability to obtain such approvals. Accordingly, readers should not place un due reliance on the forward ‐looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.
The forward ‐looking statements and information contained in thi s news release are made as of the date of this news release and no undertaking is given to update publicly or revise any forward ‐looking statements or information, whether as a res ult of new information, future events or otherwise, unless so required by applicable secu rities laws or the TSXV. The forward-looking statements or information contained in this news re lease are expressly qualified by this cautionary statement.
Neither the TSXV nor its Regulation Services Provid er (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.