Goliath Resources Closes Bought Deal Private Placement for Gross Proceeds of C$26.3M

Core Viewpoint - Goliath Resources Limited has successfully closed a bought deal private placement offering, raising approximately C$26.3 million in gross proceeds, which will be utilized for exploration expenses related to its Golddigger-Surebet Gold Project in British Columbia [1][4]. Group 1: Offering Details - The offering included the issuance of 1,977,157 National Flow-Through Shares at C$4.20 each, generating about C$8.3 million, and 4,054,054 BC Flow-Through Shares at C$4.44 each, raising approximately C$18 million [1]. - The offering was led by Stifel Canada as the sole bookrunner and lead underwriter, along with CIBC World Markets Inc. [2]. - The Flow-Through Shares were issued under the "listed issuer financing" exemption, allowing them to bypass the prospectus requirement and not subject to a hold period under Canadian securities laws [3]. Group 2: Use of Proceeds - The gross proceeds will be allocated to incur exploration expenses qualifying as "Canadian exploration expenses" and "flow-through mining expenditures" as defined in the Income Tax Act, specifically for the Golddigger-Surebet Gold Project [4]. - These expenses are to be incurred on or before December 31, 2026, with renouncement to subscribers by December 31, 2025 [4]. Group 3: Underwriter Compensation - The company paid the underwriters a cash commission of C$1,578,243.55 and granted 361,873 non-transferable broker warrants, each allowing the purchase of one common share at C$3.22 for 24 months [5].