TORONTO, Jan. 29, 2025 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to announce that an agreement has been made for McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) to make a strategic investment into Goliath Resources.
Strategic Investment Highlights
- Post transaction, McEwen Mining will own 3.76% of the issued and outstanding shares of Goliath Resources.
- McEwen Mining will pay in McEwen Mining shares worth C$10 million based on the closing price of McEwen Mining and Goliath Resources on January 28, 2025.
- McEwen Mining will receive a half warrant, exercisable at C$2.50 for 12 months.
- Goliath Resources will own 868,056 shares of McEwen Mining.
Roger Rosmus, Founder and CEO of Goliath Resources, states: “We are delighted to have McEwen Mining make a strategic investment into Goliath Resources. Rob McEwen recognized the potential of our Surebet…
