02:23 PM EDT, 10/23/2025 (MT Newswires) -- Goliath Resources ( GOTRF ) on Thursday said it closed its "bought deal" private placement offering raising $26.3 million, including the exercise in full of the option granted to the underwriters.

The offering included the sale of around 1.97-million national flow-through shares priced at $4.20 each for gross proceeds of $8.3 million, and around 4.05-million BC flow-through shares priced at $4.44 each for gross proceeds of approximately $18 million.

A statement noted that the gross proceeds from the issue and sale of the flow-through shares will be used to incur exploration expenses on the company's flagship Golddigger-Surebet Gold Project in British Columbia, Canada.

The company's shares were last seen up $0.02 to $2.65 on the TSX Venture Exchange.

Price: 2.65, Change: +0.02, Percent Change: +0.76