TORONTO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the "Company" or "Goliath") is pleased to announce it has closed $4,484,384 in the second and final tranche of the previously announced non-brokered private placement (the "Offering"), for aggregate gross proceeds of $8,600,000 raised in total.
Mr. Rob McEwen and Crescat Capital LLC ("Crescat Capital") completed their strategic investments in the first tranche which closed on October 2, 2023. Goliath welcomes a new 9.9% partially diluted ("P/D") strategic institutional shareholder, further demonstrating that the Company's new discoveries at its 100% controlled Golddigger Property is getting the financial support of smart long-term money from investors recognized globally specializing in precious metals and mining.
Pursuant to the Offering, Mr. McEwen acquired 1,000,440 NFT Units priced at $0.63. Mr. McEwen now holds an aggregate of 1,588,000 NFT Units through his personal holding company, representing approximately 2.4% (P/D) ownership of Goliath. Mr. McEwen is the founder and former chairman of Goldcorp where he discovered, built, and operated the Red Lake Mine in Ontario which was acquired by Newmont Mining in 2019 for US$10 billion. Mr. McEwen is currently the Chairman and Chief Owner of McEwen Mining Inc., a gold and silver producer with operations in Nevada, Canada, and Mexico.
Pursuant to the Offering, Goliath's largest shareholder, Crescat Capital acquired 794,000 NFT Units priced at $0.63, resulting in 18.4% (P/D) ownership of Goliath. Crescat Capital participated in the Offering pursuant to a pre-emptive right granted to them by the Company (see about Crescat Capital below) and are considered to be a "related party" of the Company. The issuance of units to an insider pursuant to the Offering constitutes a "related party transaction" within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of such related party participation in the Offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the Offering, insofar as it involved the related party, exceeded 25% of the Company's market capitalization (as determined under MI 61-101). Further details will be included in a material change report to be filed by the Company. The material change report will not be filed more than 21 days prior to closing of the placement due to the timing of the announcement of the amended private placement and closing occurring in less than 21 days.
The Offering was a combination of: (i) 5,656,406 non-flow-through units ("NFT Units") sold at a price of $0.63 per NFT Unit. Each NFT Unit consists of one common share of the Company and one-half of a purchase warrant, entitling the holder thereof to purchase one common share for every whole warrant for a period of 18 months from the date of issuance at an exercise price of $0.78; (ii) 824,000 flow-through shares ("FT Shares") sold at a price of $0.67 per one FT Share within the meaning of subsection 66(15) of the Income Tax Act (Canada); and (iii) 4,484,384 charity flow-through units ("CFT Units") sold at a price of $1.00 per CFT Unit, which represent 52% of the total gross proceeds raised. Each CFT Unit consists of one common share that will qualify as a FT Share within the meaning of subsection 66(15) of the Income Tax Act (Canada), plus one-half of a purchase warrant entitling the holder thereof to purchase one common share for every whole warrant for a period of 18 months from the date of issuance at an exercise price of $0.78.
The Company intends to use the gross proceeds raised from the CFT and FT offering for exploration and related programs on Goliath's 100% controlled Golddigger and Lucky Strike properties located in and around the Golden Triangle of northwestern British Columbia. The proceeds from the NFT offering will be used for general working capital and administrative purposes.
The gross proceeds from the CFT and FT offering will be used for Canadian exploration expenses as such term is defined in paragraph (f) of the definition of "Canadian exploration expense" in subsection 66.1(6) of the Income Tax Act (Canada), flow-through mining expenditures as defined in subsection 127(9) of the Income Tax Act (Canada) that will qualify as flow-through mining expenditures, and British Columbia flow-through mining expenditures as defined in subsection 4.721(1) of the Income Tax Act (British Columbia), which will be incurred on or before December 31, 2024, and renounced with an effective date no later than December 31, 2023. British Columbia Super Flow – the British Columbia mining flow-through share tax credit allows British Columbia Residents who invest in FT Shares to claim a provincial non-refundable tax credit of 20% of their British Columbia flow-through mining expenditures. British Columbia flow-through mining expenditures are specific exploration expenses incurred by a PBC and renounced by a corporation issuing the FT Shares.
In connection with the Offering, the Company paid cash finders' fees totaling $320,348 and issued 350,468 warrants priced at $0.78 for 18 months, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the Offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
About Crescat Capital LLC
Crescat Capital is a global macro asset management firm headquartered in Denver, Colorado. Crescat Capital's mission is to grow and protect wealth over the long term by deploying tactical investment themes based on proprietary value-driven equity and macro models. Crescat Capital's goal is industry leading absolute and risk-adjusted returns over complete business cycles with low correlation to common benchmarks. Crescat Capital's investment process involves a mix of asset classes and strategies to assist with each client's unique needs and objectives and includes Global Macro, Long/Short and Precious Metals funds.
Crescat Capital is advised by Dr. Quinton Hennigh, its geologic and technical director on investments in gold and silver resource companies. Dr. Hennigh became an economic geologist after obtaining his PhD in Geology/Geochemistry from the Colorado School of Mines. He has more than 30 years of exploration experience with major gold mining firms that include Homestake Mining, Newcrest Mining and Newmont Mining. Recently, Dr. Hennigh founded Novo Resources Corp., and is currently serving as co-chairman. Among his notable project involvements are First Mining Gold's Springpole gold deposit in Ontario, Kirkland Lake Gold's acquisition of the Fosterville gold mine in Australia, the Rattlesnake Hills gold deposit in Wyoming, and Lion One's Tuvatu gold project in Fiji, among many others.
Golddigger Property
The Golddigger property is 100 % controlled covering an area of 61,685 hectares (152,427 acres) and is in a world class geological setting of the Eskay Rift within the Golden Triangle of British Columbia. The property encompasses 56 kilometers of the 'Red Line' that is host to multiple world class deposits. The Surebet discovery has exceptional metallurgy with gold recoveries of 92.2% inclusive of 48.8% free gold from gravity alone at a 327-micrometer crush (no deleterious elements or cyanide required to extract the gold). It's in an excellent location close in proximity to the communities of Alice Arm and Kitsault where there is a permitted mill site on private property. It is situated on tide water with direct barge access to Prince Rupert (190 kilometers via the Observatory inlet/Portland inlet). The town of Kitsault is accessible by road (190 kilometers from Terrace, 300 kilometers from Prince Rupert) and has a barge landing, dock, infrastructure capable of housing more than 300 people, and high-tension power. Additional infrastructure in the area includes the Dolly Varden Silver Mine Road (only 7 kilometers to the East of the Surebet discovery) with direct road access to Alice Arm barge landing (18 kilometers to the south of the Surebet discovery) and high-tension power (25 kilometers to the East of Surebet discovery). The city of Terrace (population 16,000) provides access to railway, major highways, and airport with supplies (food, fuel, lumber, etc.), while the town of Prince Rupert (population 12,000) is located on the west coast and houses an international container seaport also with direct access to railway and an airport with supplies.
About Goliath Resources Limited
Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and Abitibi Greenstone Belt of Quebec. All its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.
For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1.416.488.2887
roger@goliathresources.com
多倫多,2023年10月11日(GLOBE NEWSWIRE)--歌利亞資源有限公司(Goliath Resources Limited)(多倫多證券交易所股票代碼:GOT)(美國場外櫃台交易市場股票代碼:GOTRF)(倫敦金融交易所股票代碼:B4IF)(以下簡稱 "公司 "或 "歌利亞")欣喜地宣佈,公司已經完成了之前宣佈的非經紀私募(以下簡稱 "發行")的第二批也是最後一批4,484,384美元的發行,募集資金總額爲8,600,000美元。
Rob McEwen 先生和 Crescat Capital LLC (”克雷斯卡特資本“) 完成了第一批投資的戰略投資,該投資於2023年10月2日結束。Goliath歡迎新的9.9%部分攤薄(“P/D”)戰略機構股東,這進一步表明該公司在其100%控制的Golddigger Property的新發現獲得了全球公認的專門從事貴金屬和採礦業的投資者的明智長期資金的財務支持。
根據此次發行,麥克尤恩先生以0.63美元的價格收購了1,000,440個NFT單位。麥克尤恩先生現在通過其個人控股公司共持有158.8萬個NFT單位,相當於歌利亞約2.4%(P/D)的所有權。麥克尤恩先生是Goldcorp的創始人兼前董事長,他在那裏發現、建造並運營了位於安大略省的紅湖礦,該礦於2019年被紐蒙特礦業公司以100億美元的價格收購。麥克尤恩先生目前是McEwen Mining Inc. 的董事長兼首席所有者,該公司是一家黃金和白銀生產商,在內華達州、加拿大和墨西哥開展業務。
根據此次發行,歌利亞的最大股東Crescat Capital以0.63美元的價格收購了79.4萬個NFT單位,從而獲得了歌利亞18.4%(P/D)的所有權。Crescat Capital根據公司授予的優先權參與了此次發行(見下文有關Crescat Capital的信息),並被視爲公司的 “關聯方”。根據本次發行向內部人士發行單位構成多倫多證券交易所風險投資交易所政策5.9和多邊工具61-101所指的 “關聯方交易” — 在特殊交易中保護少數證券持有人 (”MI 61-101“)。公司依賴MI 61-101第5.5 (a) 和5.7 (1) (a) 條中關於關聯方參與本次發行的MI 61-101的正式估值和少數股東批准要求的豁免,即既不是涉及關聯方的發行標的的的公允市場價值(根據MI 61-101確定),也不是發行對價的公允市場價值,超過公司市值的25%(根據MI 61-101確定)。更多細節將包含在公司提交的重大變更報告中。重大變更報告不會在配售結束前超過21天提交,因爲修訂後的私募將在不到21天的時間內公佈。
本次發行的組合包括:(i) 5,656,406 個非直通單元 (”NFT 單位“) 以每個 NFT 單位 0.63 美元的價格出售。每個 NFT 單位由公司的一股普通股和一半的購買權證組成,持有人有權在自發行之日起的 18 個月內以0.78美元的行使價購買每份完整認股權證的一股普通股;(ii) 824,000 股流通股 (”金融時報股票“) 按照《金融時報》第 66 (15) 款的含義以每股英國《金融時報》0.67 美元的價格出售 所得稅法 (加拿大);以及(iii)4,484,384 個慈善直通單位(”CFT 單位“) 以每CFT單位1.00美元的價格出售,佔籌集總收益的52%。每個CFT單位由一股普通股組成,該普通股有資格成爲英國《金融時報》第66(15)分節所指的英國《金融時報》股份 所得稅法 (加拿大),再加上購買權證的一半,該認股權證的持有人有權在自發行之日起的18個月內以0.78美元的行使價爲每份認股權證購買一股普通股。
該公司打算將從CFT和FT發行中籌集的總收益用於Goliath位於不列顛哥倫比亞省西北部金三角及其周邊地區的100%控制的Golddigger和Lucky Strike物業的勘探和相關項目。NFT發行的收益將用於一般營運資金和管理目的。
CFT和FT發行的總收益將用於加拿大的勘探費用,該術語的定義見第66.1 (6) 小節中 “加拿大勘探費用” 定義的 (f) 段 所得稅法 (加拿大),第127 (9) 分節所定義的直通式採礦支出 所得稅法 (加拿大)將符合流通式採礦支出,以及不列顛哥倫比亞省流式採礦支出,定義見第4.721 (1) 小節 所得稅法 (不列顛哥倫比亞省),將在2024年12月31日當天或之前產生,並放棄,生效日期不遲於2023年12月31日。不列顛哥倫比亞省超級流動 — 不列顛哥倫比亞省礦業流通股票稅收抵免允許投資英國《金融時報》股票的不列顛哥倫比亞省居民申請不列顛哥倫比亞省直通式採礦支出的20%的省級不可退還稅收抵免。不列顛哥倫比亞省的流通式採礦支出是中國人民銀行產生並由發行英國《金融時報》股票的公司放棄的具體勘探費用。
在本次發行中,公司支付了總額爲320,348美元的現金髮現者費用,併發行了350,468份認股權證,價格爲0.78美元,爲期18個月,但須遵守多倫多證券交易所風險投資交易所的政策。根據本次發行發行和出售的所有證券的持有期將自發行之日起四個月零一天到期。本次發行的完成和任何發現者的費用的支付仍需獲得所有必要的監管部門批准,包括多倫多證券交易所風險投資交易所的批准。
關於Crescat Capital公司
Crescat Capital是一家全球宏觀資產管理公司,總部位於科羅拉多州丹佛市。Crescat Capital的使命是通過部署基於專有價值驅動股票和宏觀模型的戰術投資主題,長期增長和保護財富。Crescat Capital的目標是在整個商業週期中保持行業領先的絕對回報和風險調整後回報,與常見基準的相關性較低。Crescat Capital的投資流程涉及多種資產類別和策略,以幫助滿足每個客戶的獨特需求和目標,包括全球宏觀基金、多頭/空頭基金和貴金屬基金。
Crescat Capital由其地質和技術董事昆頓·亨尼格博士就對黃金和白銀資源公司的投資提供諮詢。Hennigh博士在科羅拉多礦業學院獲得地質學/地球化學博士學位後成爲一名經濟地質學家。他在包括Homestake Mining、Newcrest Mining和Newmont Mining在內的大型金礦公司擁有30多年的勘探經驗。最近,Hennigh博士創立了Novo Resources Corp.,目前擔任聯席董事長。他參與的著名項目包括First Minining Gold在安大略省的Springpole金礦、Kirkland Lake Gold收購澳大利亞福斯特維爾金礦、懷俄明州的響尾蛇山金礦以及Lion One在斐濟的圖瓦圖黃金項目等。
淘金者地產
Golddigger物業由100%控制,佔地61,685公頃(152,427英畝),位於不列顛哥倫比亞省金三角內埃斯卡伊裂谷的世界一流的地質環境中。該物業包括56公里的 “紅線”,那裏有多個世界一流的礦牀。 Surebet的發現具有出色的冶金能力,黃金回收率爲92.2%,其中包括在327微米粉碎時僅從重力中獲得的48.8%的遊離金(提取黃金不需要有害元素或氰化物)。 它地理位置優越,靠近 Alice Arm 和 Kitsault 等社區,那裏有允許的私人財產上的磨坊用地。它位於潮水上,可通過駁船直接進入魯珀特王子港(通過天文台入口/波特蘭灣190公里)。基索爾特鎮可通過公路抵達(距離露臺190公里,距離魯珀特王子港300公里),擁有駁船着陸點、碼頭、可容納300多人的基礎設施和高壓電力。該地區的其他基礎設施包括Dolly Varden銀礦路(位於Surebet發現以東僅7公里處),可直接通往Alice Arm駁船着陸點(Surebet發現以南18公里)和高壓電力(Surebet發現以東25公里)。特勒斯市(人口爲16,000人)提供通往鐵路、主要高速公路和機場的補給品(食物、燃料、木材等),而魯珀特王子鎮(人口爲12,000人)位於西海岸,設有一個國際集裝箱海港,也可以直接通往鐵路和一個裝有補給品的機場。
關於Goliath Resources Limited公司
Goliath Resources Limited是位於不列顛哥倫比亞省西北部多產的金三角和魁北克阿比提比綠石地帶的貴金屬項目的勘探者。其所有項目均位於世界一流的地質環境和地緣政治安全司法管轄區,適合在加拿大采礦。
欲了解更多信息,請聯繫:
巨人資源有限公司
羅傑·羅斯姆斯先生
創始人兼首席執行官
電話:+1.416.488.2887
roger@goliathresources.com