On March 16, 2022, Golden Goliath Resources Ltd. closed the transaction. The company has issued 12,277,100 flow-through units for gross proceeds of CAD 14,609,749. The transaction closed in multiple tranches, with initial tranche of 11,622,982 flow-through units for gross proceeds of CAD 13,831,349 and 654,118 flow-through units for gross proceeds of CAD 778,400 in its final tranche.

The transaction included participation from strategic and institutional investors and 62 placees including insiders Crescat Precious Metals Master Fund Ltd, a fund managed by Crescat Portfolio Management LLC for 627,711 units, Crescat Global Marco Master Fund Ltd., a fund managed by Crescat Portfolio Management LLC for 627,711 units. Gerhard Merkel, West Harbour Capital, Canaccord Genuity Corp., Leede Jones Gable Inc., Ascenta Finance Corp., Marshal Farris and Haywood Securities acted as finders to the company in the transaction. The company paid CAD 461,791.90 and 645,709 finder warrants.

Each finder warrant entitles its holder to acquire one common share of the company at a price of CAD 1.30 for a 24-month period.