11:14 AM EDT, 06/16/2025 (MT Newswires) -- Goliath Resources ( GOTRF ) on Monday said it closed a bought-deal private placement that raised $23 million.

The company placed 7.26-million shares priced at $3.17 apiece to raise $23 million, including the full exercise of the underwriters' over-allotment option.

Goliath intends to use proceeds of the offering to advance the exploration of its flagship Golddigger-Surebet project in British Columbia's Golden Triangle region.

Shares of the company were last seen down $0.11 at $2.20 on the TSX Venture Exchange.

Price: 2.20, Change: -0.11, Percent Change: -4.76