https://www.miningweekly.com
Aggregate|Flow|Gold|Mining|Projects|Resources|Flow|Drilling
Aggregate|Flow|Gold|Mining|Projects|Resources|Flow|Drilling
aggregate|flow-company|gold|mining|projects|resources|flow-industry-term|drilling

McEwen increases stake in Goliath to 5%

6th December 2023

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Prominent mining company owner Rob McEwen will increase his stake in TSX-V-listed Goliath Resources by completing a private placement for 1.42-million shares, resulting in him owning 5% of the company.

He first bought a 2.4% stake in Goliath, which is active in the Golden Triangle of British Columbia, in October.

In turn, asset management firm Crescat Capital will be exercising its pre-emptive right to purchase shares to maintain its 18.4% ownership of Goliath.

Crescat will undertake a private placement of up to 2.6-million charity flow-through units at a price of $1.15 apiece, for aggregate gross proceeds of C$3-million in this regard, maintaining its position as the largest long-term shareholder of Goliath.

McEwen is the founder and former chairperson of Goldcorp, as well as chief owner and chairperson of McEwen Mining.

Goliath CEO and founder Roger Rosmus says the company’s projects continue to attract experienced miners and smart long-term investors. He looks forward to McEwen and Crescat’s continued input and guidance as shareholders as the company advances its Surebet discovery, in British Columbia.

Goliath owns the Golddigger property covering 61 685 ha in the Eskay Rift within the Golden Triangle of British Columbia.

The Surebet discovery, in particular, has exceptional metallurgy with gold recoveries of 92.2%.

The company also owns the Lucky Strike property near Terrace in British Columbia, with two highly prospective targets having been permitted for drilling.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine video image
Magazine round up | 01 March 2024
1st March 2024
Implats CEO Nico Muller
Implats expecting phased reduction in group output
29th February 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.127 0.159s - 93pq - 2rq
Subscribe Now