Goliath Resources (TSXV: GOT) has closed a C$9.8M non-brokered private placement, strengthening its balance sheet as it continues advancing the high-grade Surebet gold discovery at its Golddigger Project in British Columbia’s Golden Triangle.
Under the financing, the company issued 6.06M flow-through shares at C$1.62 per share, with no warrants attached and no finder’s fees or commissions paid. The placement received institutional backing and remains subject to final TSX Venture Exchange approval.
The proceeds will be directed toward exploration at the company’s flagship Golddigger-Surebet Gold Project, with qualifying expenditures to be incurred before the end of 2027.
Roger Rosmus, Founder and CEO of Goliath Resources, commented, “We welcome the continued support from the institutional community for our grassroots high-grade Surebet Gold Discovery at our Golddigger Property located in the Golden Triangle. The overall current market has been extremely volatile. These additional funds are an insurance policy that further enhances our strong balance sheet and puts us in a stronger position, with ~C$27.5M in cash going into 2027 and our planned exploration drill program. We look forward to announcing assays on the 55 holes that are still pending from the 2026 drill program once received, compiled and interpreted.
The financing leaves Goliath with approximately C$27.5M in cash heading into 2027, providing funding flexibility as the company awaits results from 55 outstanding drill holes from its 2026 exploration campaign.
Surebet has emerged as one of the most closely watched gold discoveries in the Golden Triangle, with recent drilling returning multiple high-grade gold intercepts and demonstrating continuity of mineralization across the expanding system. The latest financing positions Goliath to continue aggressive exploration while advancing its understanding of the scale and potential of the discovery.
The company expects to release additional assay results from the pending 2026 drill holes as they are received and interpreted.
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