By Devika Patel
Knoxville, Tenn., Dec. 14 - Golden Goliath Resources Ltd. said it has increased a private placement of units to C$3.75 million from C$3 million. The deal priced Oct. 5.
The company will now sell 25 million units at C$0.15 apiece. Each unit consists of one common share and one half-share warrant, with each whole warrant exercisable at C$0.25 for two years.
Proceeds will be used to expand the mineral resource at the company's Las Bolas property and to work on the new Filo do Oro zone on the east side of the Las Bolas property.
Based in Vancouver, B.C., Golden Goliath is a gold exploration company.
| Issuer: | Golden Goliath Resources Ltd.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$3.75 million
|
| Units: | 25 million
|
| Price: | C$0.15
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.25
|
| Pricing date: | Oct. 5
|
| Upsized: | Dec. 14
|
| Stock symbol: | TSX Venture: GNG
|
| Stock price: | C$0.20 at close Nov. 30
|
| Market capitalization: | C$10.7 million
|
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