Southstone Minerals Ltd. press release
Garibaldi Arranges $10 Million Financing
TSXV - TSX Venture Exchange · Diamond · Uranium · Canada
Canada NewsWire
VANCOUVER, Oct. 16, 2017
TSXV: GGI OTC: GGIFF Frankfurt: RQM
VANCOUVER, Oct. 16, 2017/CNW/ - Garibaldi Resources (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to announce a non-brokered private placement to raise gross proceeds of up to $10,000,000(CDN). The exclusively hard dollar financing at $3.15per 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 $3.15comprises 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 $4.50for 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 approval.
Proceeds from the financing will be used to further advance the Company's 100%-owned E&L Nickel Mountain Project, other British Columbiaproperties, and the Company's gold and silver properties in Mexico.
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 Mexicoand British Columbia.
We seek safe harbor.
GARIBALDI RESOURCES CORP.
Per: "Steve Regoci"
Steve Regoci, President
NeithertheTSXVentureExchangenoritsRegulationServicesProvideracceptsresponsibilityfortheadequacyortheaccuracyofthisrelease.
SOURCE Garibaldi Resources Corp.
View original content: http://www.newswire.ca/en/releases/archive/October2017/16/c7005.html
GARIBALDI RESOURCES CORP., 1150 - 409 Granville Street Vancouver, BC V6C 1T2, Telephone: (604) 488-8851, Website: GaribaldiResources.comCopyright CNW Group 2017