19:35:07 EDT Sat 24 Mar 2018
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Garibaldi Resources Corp
Symbol C : GGI
Shares Issued 93,498,430
Close 2017-10-16 C$ 3.38
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Garibaldi Resources arranges $10-million financing

2017-10-16 20:46 ET - News Release

Mr. Steve Regoci reports


Garibaldi Resources Corp. has arranged a non-brokered private placement to raise gross proceeds of up to $10-million. The exclusively hard-dollar financing at $3.15 per unit is being subscribed for by strategic investors and is expected to close shortly.

The company will issue a total of 3,174,604 units. Each common share unit at $3.15 comprises one common share in the capital of the company and one full non-transferable share purchase warrant. Each warrant is exercisable into one common share at a price of $4.50 for a period of two years.

All units 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, other British Columbia properties, and the company's gold and silver properties in Mexico.

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.

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