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Golden Goliath Resources (TSXV:GNG) Raising up to $500,000 through two non-brokered Private Placements

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The company is offering flow-through units priced at $0.15 per unit, with each unit consisting of 1 share and one-half a warrant, with each full warrant exercisable at $0.25 for 24 months. The company is also offering regular units priced at $0.12 per unit, with each unit consisting of 1 share and 1 warrant, with each warrant exercisable at $0.25 for 24 months.

Additional Information:

Company: Private placement, Beauregard Lake, Kwai property,silver,gold,
Website: http://www.GoldenGoliath.com
Stock Symbol: TSXV:GNG
Date Published: Dec 8, 2020
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Golden Goliath Resources has announced two non-brokered private placements for gross proceeds of up to $500,000.

The company is offering flow-through units priced at $0.15 per unit, with each unit consisting of 1 share and one-half a warrant, with each full warrant exercisable at $0.25 for 24 months.

The company is also offering regular units priced at $0.12 per unit, with each unit consisting of 1 share and 1 warrant, with each warrant exercisable at $0.25 for 24 months.

The shares are currently trading at $0.125.

The net proceeds will be used to increase the size of the drill program on the Kwai property and to pay for an Induced Polarization survey over Beauregard Lake.

The company plans to increase its current 6,000 meter fully funded drill program by 2,000 meters to 8,000 meters.

The Kwai property is one of the company’s two properties in the Red Lake mining district.

In addition to its Red Lake properties, the company also has the Wish Ore gold property, located approximately 60 kilometers northwest of Sault Ste. Marie off the Trans-Canada Highway, and 100% of the San Timoteo silver/gold property in Mexico, which covers the former producing San Martin mine.

For more information, please visit the company’s website at www.GoldenGoliath.com, contact J. Paul Sorbara, President and CEO, at 604-682-2950 or by email at jps@goldengoliath.com.

I’m Megan Edwards for Investmentpitch Media