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Additional Information
Market: TSX-V
Sector: Gold Mining
EPIC: GNG
Latest Price: 0.16  (-3.13% Descending)
52-week High: 0.45
52-week Low: 0.15
Market Cap: 14.29M
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Golden Goliath
www.goldengoliath.com

Golden Goliath Resources Ltd. is a junior exploration company focused on exploring and developing the gold and silver potential of an historic mining camp located in the world famous Sierra Madre Occidental Mountains of northwestern Mexico. Unlike most juniors, which have an option to earn an interest in a single property or a few scattered properties in various areas or countries, Golden Goliath controls an entire old mining camp, or district, that covers an area of 15 by 25 kilometres, with numerous past producing gold and silver mines dating back to the time of the Spaniards. Golden Goliath’s Uruachic claims are owned 100% by the Company and are fully paid for with no property option or purchase payments to make.

Full Golden Goliath profile here
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Golden Goliath triggers conversion clause for 9.1 million warrants

21st Mar 2011, 4:29 pm by Phil Cheng
Golden Goliath triggers conversion clause for 9.1 million warrants

Gold and silver explorer Golden Goliath Resources (CVE:GNG)(PINK:GGTHF) said Monday it is forcing the conversion of about 9.1 million share purchase warrants, which could lead to proceeds of up to $2.3 million.

Because the company's common shares have traded at a weighted average price of greater than $0.40 for more than 20 consecutive days, it triggered a provision that forces warrant holders to exercise their warrants within 30 days from when they are first notified.  Otherwise, their warrants will expire worthless.

Each warrant is exercisable to purchase one common share at a price of $0.25 for two years.

The company said it does not know how many warrants will be exercised, but it will raise about $2.3 million if all the warrants are used.

Golden Goliath's exploration activities are focused in the Sierra Madre Occidental Mountains of northwestern Mexico.

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