Private Placement Financing and Business Divestiture
Garibaldi Resources Corp. (the "Company") announces that it has agreed to a non-brokered
private placement of up to $1,000,000 of its securities consisting of
the sale of up to 5,000,000 units at a price of $0.20 per unit, each
unit consisting of one common share in the capital of the Company and
one-half of a non-transferable share purchase warrant with each whole
warrant entitling the holder to acquire one additional common share of
the Company at a price of $0.30 per share for two years. A finders’ fee
in cash and securities will be payable with respect the private
placement.
The private placement is subject to acceptance for filing by the TSX Venture Exchange.
Meridian Stone Inc. Divestiture
As
part of the Company's decision to focus its efforts fully on its
mineral resource exploration activities, the Company has divested
itself of its 85% interest in Meridian Stone Inc. ("Meridian") to
Meridian's existing management team.
GARIBALDI RESOURCES CORP.
per: "Steve Regoci"
Steve Regoci, President
