TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, BC, March 8, 2021 /CNW/ - Garibaldi Resources
(TSXV: GGI) (the "Company" or "Garibaldi") is pleased to provide
this update further to the Company's November 24, 2020 news release announcing
completion of an initial tranche of a non-brokered flow-through
private placement totaling $2,033,200
CDN by the issuance of 3,388,666 units at 60 cents per unit. The Company's financing plans
(see news release Nov.16, 2020) were earmarked to test drill the
Casper quartz gold vein system which came in under budget. With the
program sufficiently funded, the private placement was closed.
Options Granted
Additionally, The Company has granted a total of 2,850,000
incentive stock options exercisable for up to five years at a price
of $1.00 per share pursuant to its
stock option plan. The stock option grant is subject to the
regulatory hold periods and approval of the TSX Venture Exchange.
For clarification, the grant of 700,000 options announced on
July 14, 2020 did not proceed and was
never finalized.
PDAC Core Shack
Shareholders are invited to visit Garibaldi Resources Corp. at
the Prospectors & Developers Association of Canada (PDAC) Virtual Convention March 8-11. Garibaldi is one of only 34
exhibitors invited to display core from its Nickel Mountain and
Casper projects at the prestigious PDAC Core Shack. PDAC is the
world's premier mineral exploration and mining convention.
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 British
Columbia and Mexico.
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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content:http://www.prnewswire.com/news-releases/garibaldi-corporate-update-301242798.html
SOURCE Garibaldi Resources Corp.
