Goliath Resources Completes $27-Million Flow-Through Share Offering
Goliath Resources Limited (TSXV: GOT), a precious metals exploration company, has closed a “bought deal” brokered private placement and a concurrent non-brokered private placement of an aggregate of 8,538,045 common shares that will qualify as flow-through shares within the meaning of subsection 66(15) of the Income Tax Act (Canada), at a price of $3.17 per share, for total gross proceeds of approximately $27 million.
The brokered offering was led by Stifel Nicolaus Canada Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters that included CIBC World Markets Inc. and Cormark Securities Inc.
Goliath Resources intends to use the proceeds to advance exploration at its flagship Golddigger-Surebet Project in Golden Triangle of northwestern British Columbia.
Aird & Berlis represented Goliath Resources with a team led by Adria Leung Lim and Russell Sanders (Capital Markets) and including Karlie Nordstrom (Capital Markets), Manjit Singh (Tax) and Aidan Abbott (Summer Student).
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BioFull bio
Adria enjoys the fast-paced and challenging nature of securities law.
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BioFull bio
Russell is a corporate lawyer who enjoys connecting with clients to build long-lasting relationships.
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BioFull bio
Karlie thrives on the challenging and dynamic nature of securities law.
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Manjit draws on more than 23 years of experience advising on Canadian and cross-border tax matters to provide comprehensive tax advice to corporate cl...
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Aidan recently completed his second year at the University of Windsor Faculty of Law.
