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Kincora Copper

Garibaldi Resources Closes $13 Million Financing

  • Financing

TSX VENTURE: GGI
www.garibaldiresources.com

Mr. Steve Regoci reports:

VANCOUVER, May 7, 2018 /CNW/ - Garibaldi Resources (TSX.V: GGI) (the "Company" or "Garibaldi") is pleased to announce the closing of an over-subscribed non-brokered private placement with strategic investors for gross proceeds of $13,052,772 (CDN). The flow-through financing was priced at $3.35 per share (see April 17, 2018 news release).

The Company will issue a total of 3,896,350 shares. All shares from the private placement are subject to a four-month hold period from the date of issuance. A finder's fee commission of $150,388.63 was paid 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 in the prolific Eskay Camp.   

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 richest mining regions of 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.

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Garibaldi Resources

ADD TO WATCH LIST
Last Trade: C$1.33
Daily Change: 0.21 18.75
Daily Volume: 393,592
Market Cap: C$133.450M
January 28, 2019
Garibaldi Resources Will Miss a True Leader
December 06, 2018
Garibaldi Resources Broadens Nickel Mountain System
October 31, 2018
Garibaldi Resources drills into nickel-copper rich massive sulphides northwest and southeast of Discovery Zone
October 25, 2018
Garibaldi Resources Expands on Nickel Mountain Central Zone Data
October 18, 2018
Garibaldi Resources Drills Into New Zone At Nickel Mountain
September 24, 2018
Massive Sulphides Mount Up at Garibaldi's Nickel Mountain
September 14, 2018
Garibaldi Resources Accelerates Buyout of Strategic Claims at Nickel Mountain
June 08, 2018
Garibaldi Resources Targets New Massive Sulphide Zones at Nickel Mountain as 2018 Drill Program Begins
May 18, 2018
Garibaldi Resources Gears Up for Drilling at Nickel Mountain
May 07, 2018
Eric Sprott Announces Investment in Garibaldi Resources
April 17, 2018
Garibaldi Resources Arranges $10 Million Financing
April 05, 2018
Eric Sprott Announces Investment in Garibaldi Resources
LOAD MORE NEWS
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Golden Minerals

Golden Minerals

Golden Minerals Company is a Colorado-based silver and gold exploration company focused on advancing projects that offer high grades, low development costs and near-term production in Mexico. The company has generated over $8 million in cash by leasing one of its processing mills to Hecla Mining Company since 2015. This cash is supporting current drill programs at the Santa Maria and Mogotes projects in Mexico, as well as additional exploration programs in Mexico and Argentina... VIEW PROFILE

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