|June 12, 2014|
Garibaldi Completes Red Lion, MSM Transactions
|Vancouver, British Columbia -- June 12, 2014 - Further to its news release of May 1, 2014, Garibaldi Resources Corp. (the "Company" or "Garibaldi") has received acceptance for filing from the TSX Venture Exchange for the option to acquire a 100% interest in the Red Lion and MSM properties located in northwest British Columbia, and has closed the transaction. In accordance with the terms of the agreement, Garibaldi will issue 75,000 shares in its capital at a deemed price of $0.225 per share to the vendor, with the shares subject to a hold period expiring on or about October 10, 2014. |
The Company considers both the Red Lion and MSM to be exceptional early stage Cu-Au prospects which will complement the company's already strong provincial presence, highlighted by its B.C. flagship Grizzly Project in the emerging world class Sheslay Cu-Au porphyry district.
The Red Lion is 67 km southeast of the Kemess mine and contiguous to the Kliyul Project recently optioned by Teck Resources Ltd. Results from Teck's anticipated upcoming drill program at Kliyul will be instructive in prioritizing and designing Garibaldi's exploration approach at Red Lion over target areas with similar geological features.
Additionally, and further to its advertising services agreement with AGORACOM (see news release dated February 6, 2014), Garibaldi will issue 77,200 shares in its capital in consideration for services provided by AGORACOM during the first quarter ended April 30, 2014. The shares are subject to a hold period and are restricted from trading until October 5, 2014.
Corporate Fact Sheet
To view the updated Fact Sheet for Garibaldi Resources, please visit the following URL:
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 Mexico and British Columbia.
We seek safe harbor.
GARIBALDI RESOURCES CORP.
Steve Regoci, President
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