GOLDEN GOLIATH RESOURCES LTD. The Company currently has 152,937,019 common shares outstanding and will have 21,848,145 common shares outstanding after completion of the Consolidation, subject to rounding and the elimination of any fractional shares resulting from the Consolidation. The number of outstanding stock options and warrants of the Company will similarly be adjusted by the Consolidation ratio, and the exercise prices adjusted accordingly.
The Consolidation is being implemented in order to provide the Company with increased flexibility to seek additional financing opportunities. The Consolidation is subject to Exchange approval. The Company will continue to trade after the Consolidation under the name '
Upon completion of the Consolidation, a letter of transmittal will be sent by mail to registered shareholders advising that the Consolidation has taken effect. The letter of transmittal will contain instructions on how registered shareholders can exchange their share certificates or DRS statements evidencing their pre-consolidated common shares for new share certificates or new DRS statements representing the number of post-consolidated common shares to which they are entitled. No action is required by non-registered shareholders (shareholders who hold their shares through an intermediary) to effect the Consolidation. The Common Shares are expected to begin trading on the Exchange on a post-Consolidation basis, after the Exchange issues its final bulletin advising of the effective date of the Consolidation.
About Golden Goliath
Contact:
Tel: +1(604) 682-2950
Email: jps@goldengoliath.com
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