Mr. Steve Regoci reports
GARIBALDI ARRANGES $10 MILLION FINANCING
Garibaldi Resources Corp. has arranged a non-brokered private placement to raise gross proceeds of up to $10.05-million. The flow-through financing, expected to close shortly, is priced at $3.35 per share and is being subscribed for by strategic investors.
The company will issue a total of three million shares. All shares from the private placement are subject to a four-month hold period from the date of issuance. The financing will include finder's fee commissions on a portion of the placement and is subject to TSX Venture Exchange approval.
Proceeds from the financing will be used to further advance the company's 100-per-cent-owned E&L Nickel Mountain project and other British Columbia properties.
About Garibaldi Resources Corp.
Garibaldi Resources is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.
We seek Safe Harbor.
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