|May 14, 2009|
Private Placement Financing
|Garibaldi Resources Corp. (the "Company") announces that it has agreed to a non-brokered private placement of up to $660,000 of its securities consisting of the sale of up to 5,500,000 units at a price of $0.12 per unit, each unit consisting of one common share in the capital of the Company and one non-transferable share purchase warrant with each warrant entitling the holder to acquire one additional common share of the Company at a price of $0.20 per share for two years. A finders' fee in cash and/or securities will be payable with respect the private placement.|
The proceeds of the private placement will be used for exploration and maintenance of the Company''s mineral property interests and for general working capital purposes.
The private placement is subject to acceptance for filing by the TSX Venture Exchange.
GARIBALDI RESOURCES CORP.
per: "Steve Regoci" Steve Regoci, President
You can view the Next News Releases item: Fri May 22, 2009, Private Placement Partial Closing
You can view the Previous News Releases item: Thu Mar 19, 2009, Garibaldi Closes Temoris Transaction, Receives 6,000,000 Shares of Paramount Gold and Silver Corp.
You can return to the main News Releases page, or press the Back button on your browser.