Garibaldi Resources - A previous grab sample from the Casper System.
A previous grab sample from the Casper System.
Source: Garibaldi Resources.
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  • Garibaldi Resources (GGI) has closed the flow-through portion of the non-brokered private placement financing announced earlier this month
  • The flow-through portion of the financing was over-subscribed by almost 15 per cent
  • Garibaldi sold a total of 5,328,944 flow-through units at $0.43 per unit for total gross proceeds of $2,291,445.92
  • The company intends to use the proceeds from the financing to explore its base metal projects under the new Federal Government (CMETC) initiative
  •  Garibaldi Resources Corp. is an active Canadian-based junior exploration company
  • Garibaldi Resources Corp. was down 1.282 per cent, trading at $0.385 at12:30 PM ET

Garibaldi Resources (GGI) has closed the flow-through portion of a non-brokered private placement.

The flow-through portion of the financing recorded an over-subscription rate of almost 15 per cent.

The company sold a total of 5,328,944 flow-through units at $0.43 per unit for total gross proceeds of $2,291,445.92.

Each unit was consists of one flow-through common share and one-half of one common share purchase warrant. Each whole warrant is exercisable at $0.55 per common share for a period of two years.

Garibaldi intends to use the proceeds from the financing to explore its base metal projects under the new Federal Government (CMETC) initiative announced in the most recent federal budget, including the Nickel Mountain Gabbroic Complex and the newly identified base metal corridor along strike of the 15 km long NMGC, within the Eskay district of Northwest British Columbia.

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 British Columbia and Mexico.

Garibaldi Resources Corp. was down 1.282 per cent, trading at $0.385 at12:30 PM ET.


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