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Garibaldi Resources Corp
Symbol C : GGI
Shares Issued 86,283,206
Recent Sedar Documents

ORIGINAL: Garibaldi closes $2.5M first tranche of placement

2017-10-02 19:54 ET - News Release

Received by email:

File: GGI Oct 2 NR pdf FINAL.pdf

                     GARIBALDI RESOURCES CORP.
                                           1150 - 409 Granville Street
                                            Vancouver, BC V6C 1T2
                           Telephone: (604) 488-8851 Website: GaribaldiResources.com
 October 2, 2017                                                                                   TSXV: GGI
                                                                                                  OTC: GGIFF
                                                                                                Frankfurt: RQM


                   GARIBALDI CLOSES WITH STRATEGIC INVESTOR

Vancouver, British Columbia, October 2, 2017 - Garibaldi Resources (TSX.V: GGI) (the "Company" or
"Garibaldi") is pleased to confirm closing of the first tranche of the Company's recently announced $6 million
private placement (see September 26, 2017 news release). The second and final tranche will close imminently.
Gross proceeds from the first tranche total $2,502,970 with all hard dollar and flow-through units subscribed for
by Eric Sprott and 2176423 Ontario Ltd., respectively, a corporation beneficially owned by Mr. Sprott.
Steve Regoci, Garibaldi President and CEO, commented: "Eric Sprott is one of the most significant and
accomplished investment leaders in the global resource sector. On behalf of all Garibaldi shareholders, we
welcome his support in our drive to make the E&L Nickel Mountain Project near Eskay Creek the next major
discovery in northwest British Columbia's prolific Golden Triangle."

First Tranche Details
Garibaldi issued 1,406,500 units at $0.82 per unit with each unit consisting of one common share of the Company
and one share purchase warrant exercisable at a price of $1.05 per share for a period of two years. Garibaldi also
issued an additional 1,467,000 flow-through units at $0.92 per unit with these units consisting of one common
share of the Company and one half of one share purchase warrant exercisable at a price of $1.05 per share for a
period of two years. All units from this first closing, non-flow-through and flow-through, are subject to a 4-
month hold period from the date of issuance.
As a result of the closing of this first tranche, Eric Sprott beneficially owns and controls 9,284,593 common
shares of Garibaldi and 3,951,593 share purchase warrants representing approximately 10.7% of the issued and
outstanding common shares of the Company on a non-diluted basis and 14.6% on a partially diluted basis. Prior
to this first closing, Mr. Sprott beneficially owned and controlled 6,411,093 common shares of Garibaldi and
1,811,593 share purchase warrants representing approximately 7.7% of the issued and outstanding common
shares of the Company on a non-diluted basis and 9.6% on a partially diluted basis.
The Garibaldi non-flow-through and flow-through units were acquired by Mr. Sprott and 2176423 Ontario Ltd.,
respectively, for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire
additional securities of the Company either on the open market or through private acquisitions or sell securities
of the Company either on the open market or through private dispositions in the future depending on market
conditions, reformulation of plans and/or other relevant factors. A copy of Mr. Sprott's early warning report will
appear on the Company's profile on SEDAR and may also be obtained by calling (416) 362-7172 (200 Bay
Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario, M5J 2J2).
 Use of Proceeds
Proceeds from the flow-through portion of this first tranche will be used to advance the E&L Nickel Mountain
Project and other Garibaldi properties in the Eskay Camp and elsewhere in British Columbia. Proceeds from the
non-flow-through financing are intended to advance the Company's gold and silver properties in Mexico, and
for general working capital purposes. The financing will include finder's fee commissions and is subject to final
TSX Venture approval.

About Garibaldi
Garibaldi Resources Corp. 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.

GARIBALDI RESOURCES CORP.
Per: "Steve Regoci" Steve
Regoci, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or the accuracy of this release.
 

File: GGI Oct 2 NR FINAL.docx

GARIBALDI RESOURCES CORP.
1150 - 409 Granville Street Vancouver, BC V6C 1T2
Telephone: (604) 488-8851 Website: GaribaldiResources.com
October 2, 2017 TSXV: GGI
OTC: GGIFF
Frankfurt: RQM

  
GARIBALDI CLOSES WITH STRATEGIC INVESTOR

  

Vancouver, British Columbia, October 2, 2017 - Garibaldi Resources (TSX.V: GGI) (the "Company" or "Garibaldi") is please
--->d to confirm closing of the first tranche of the Company's recently announced $6 million private placement (see Septembe
--->r 26, 2017 news release).  The second and final tranche will close imminently. 
Gross proceeds from the first tranche total $2,502,970 with all hard dollar and flow-through units subscribed for by Eri
--->c Sprott and 2176423 Ontario Ltd., respectively, a corporation beneficially owned by Mr. Sprott.  
Steve Regoci, Garibaldi President and CEO, commented:  "Eric Sprott is one of the most significant and accomplished inve
--->stment leaders in the global resource sector.  On behalf of all Garibaldi shareholders, we welcome his support in our dr
--->ive to make the E&L Nickel Mountain Project near Eskay Creek the next major discovery in northwest British Columbia's pr
--->olific Golden Triangle." 
First Tranche Details
Garibaldi issued 1,406,500 units at $0.82 per unit with each unit consisting of one common share of the Company and one 
--->share purchase warrant exercisable at a price of $1.05 per share for a period of two years.  Garibaldi also issued an ad
--->ditional 1,467,000 flow-through units at $0.92 per unit with these units consisting of one common share of the Company a
--->nd one half of one share purchase warrant exercisable at a price of $1.05 per share for a period of two years.  All unit
--->s from this first closing, non-flow-through and flow-through, are subject to a 4-month hold period from the date of issu
--->ance.  
As a result of the closing of this first tranche, Eric Sprott beneficially owns and controls 9,284,593 common shares of 
--->Garibaldi and 3,951,593 share purchase warrants representing approximately 10.7% of the issued and outstanding common sh
--->ares of the Company on a non-diluted basis and 14.6% on a partially diluted basis.  Prior to this first closing, Mr. Spr
--->ott beneficially owned and controlled 6,411,093 common shares of Garibaldi and 1,811,593 share purchase warrants represe
--->nting approximately 7.7% of the issued and outstanding common shares of the Company on a non-diluted basis and 9.6% on a
---> partially diluted basis.  
The Garibaldi non-flow-through and flow-through units were acquired by Mr. Sprott and 2176423 Ontario Ltd., respectively
--->, for investment purposes.  Mr. Sprott has a long-term view of the investment and may acquire additional securities of t
--->he Company either on the open market or through private acquisitions or sell securities of the Company either on the ope
--->n market or through private dispositions in the future depending on market conditions, reformulation of plans and/or oth
--->er relevant factors.  A copy of Mr. Sprott's early warning report will appear on the Company's profile on SEDAR and may 
--->also be obtained by calling (416) 362-7172 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario,
---> M5J 2J2).





Use of Proceeds
Proceeds from the flow-through portion of this first tranche will be used to advance the E&L Nickel Mountain Project and
---> other Garibaldi properties in the Eskay Camp and elsewhere in British Columbia.  Proceeds from the non-flow-through fin
--->ancing are intended to advance the Company's gold and silver properties in Mexico, and for general working capital purpo
--->ses.  The financing will include finder's fee commissions and is subject to final TSX Venture approval.  
About Garibaldi
Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value t
--->hrough discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and Bri
--->tish Columbia.
We seek safe harbor.
GARIBALDI RESOURCES CORP.
Per: "Steve Regoci" Steve Regoci, President
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the acc
--->uracy of this release.



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