Goliath Resources Limited announced a non-brokered private placement of 9,243,697 flow-through units at a price of CAD 1.19 per unit for gross proceeds of CAD 11,000,000 on February 11, 2022. Each unit will consist of one common share and a warrant. Each warrant will entitle the holder to purchase a non flow-through common share at a price of CAD 1.30 for a period of 24 months.

The company may pay finder's fee with respect to the transaction. The transaction is subject to approval from TSX Venture Exchange. The securities issued are subject to hold period of four months from closing.