Golden Goliath Announces Private Placement

Rhea-AI Summary

Golden Goliath Resources (TSXV: GNG) has announced a private placement offering to raise up to $1,000,000. The offering consists of units priced at $0.05 with each unit including a full warrant exercisable at $0.08 for 12 months from closing.

The company has engaged Clarence Financial as corporate advisor, who will receive a 5% cash and warrant finder's fee. The proceeds will fund exploration at the Wishore Property in Red Lake, Ontario, potential asset acquisitions, and working capital needs.

Positive

• Raising up to $1,000,000 to fund exploration and growth initiatives
• Strategic exploration planned for Wishore Property in the promising Red Lake area
• Full warrant offering provides potential additional future funding at $0.08 per share

Negative

• 5% finder's fee in cash and warrants reduces net proceeds
• Significant dilution at $0.05 per unit offering price
• Additional dilution possible from warrant exercise at $0.08

Vancouver, British Columbia--(Newsfile Corp. - July 7, 2025) - Golden Goliath Resources Ltd. (TSXV: GNG) ("Golden Goliath" or the "Company"). The Company wishes to announce a private placement of up to $1,000,000. The financing will consist of units priced at $0.05 with a full warrant. Each warrant will entitle the holder to purchase an additional common share at a price of $0.08 for a period of 12 months from the date of closing of the private placement.

The Company has retained Clarence Financial Pty Ltd. ("Clarence") as corporate advisor and agreed to pay Clarence a finder's fee of 5% cash and 5% warrants having the same terms as the warrants forming part of the units. Clarence specializes in the provision of investment banking services for corporate advisory and capital market transactions.

The Units will be subject to a statutory hold period of four months and a day from the closing date of the Offering. The Offering remains subject to regulatory approval.

The Company intends to use the net proceeds of the Offering to conduct exploration activities on its Wishore Property in the Red Lake area, Ontario, asset acquisition investigations and for general working capital.

About Golden Goliath

Golden Goliath Resources Ltd. is a junior exploration company based in Vancouver, B.C., focused on the exploration and development of precious metal properties in mining-friendly jurisdictions. The Company is actively exploring its projects in Ontario's Red Lake District and other high-potential areas in Canada.

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., Geology
Chairman
Phone: +1(604) 682-2950 Email: jps@goldengoliath.com

Cautionary and Forward-Looking Statements

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of 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", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions.

Forward-looking statements and information are provided 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 investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the expected timing and terms of the private placement, 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 undue 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 this 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 result of new information, future events or otherwise, unless so required by applicable securities laws or the TSXV. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258065

FAQ

What are the terms of Golden Goliath's (TSXV: GNG) private placement announced in July 2025?

The private placement offers units at $0.05 each, with full warrants exercisable at $0.08 for 12 months, aiming to raise up to $1,000,000.

How will Golden Goliath use the proceeds from the July 2025 private placement?

The proceeds will fund exploration activities at the Wishore Property in Red Lake, Ontario, potential asset acquisitions, and general working capital.

What is the finder's fee structure for Golden Goliath's 2025 private placement?

Clarence Financial will receive a 5% cash fee and 5% warrants with the same terms as the placement warrants.

What is the hold period for Golden Goliath's private placement units?

The units are subject to a statutory hold period of four months and one day from the closing date.

When do the warrants from Golden Goliath's 2025 private placement expire?

The warrants expire 12 months from the closing date of the private placement and are exercisable at $0.08 per share.