TSX-V-listed Goliath Resources has announced a strategic investment by Eric Sprott of C$2-million, representing an 8.5% stake in the company.
Crescat Capital will be participating in this offering to maintain its 9.9% interest.
The offering will consist of 4 189 090 units, priced at $0.55 for gross proceeds of $2.3-million.
The investment, Goliath said, was a testament to the hard work and dedication in the field that has led to the new Surebet high-grade gold/silver discovery in the Golden Triangle, British Columbia.
The company is fully funded for the 2021 inaugural drill programme at Surebet and will kick off the programme in the second quarter.
Goliath’s share price rose 9% to C$0.71 a share on Wednesday.