07:30 AM EDT, 09/26/2024 (MT Newswires) -- Goliath Resources ( GOTRF ) said Thursday that it increased its previously announced non-brokered flow through financing to $16.1 million from $15.7 million.

The company plans to use the proceeds to advance exploration on its properties in British Columbia's Golden Triangle.

The offering comprises charity flow-through shares priced at $1.975 each and flow-through shares priced at $1.44 apiece.

The first tranche closed on Sept. 13 for $9.6 million in proceeds, while the final tranche is scheduled to close on Oct. 2.