Garibaldi corrects placement proceeds to $1.01M

Executive Summary

• Garibaldi Resources Corp. corrects the private placement details: 14,537,702 units sold at $0.07 per unit for gross proceeds of $1,017,639.16 (oversubscribed by $17,639.16).
• Each unit includes one common share and one warrant exercisable at $0.10 per share for three years; the offering generated a finder fee of $1,260.
• Proceeds are earmarked for exploration and working capital, and all securities are subject to a statutory hold period of four months plus one day.

Key Details

• Units sold: 14,537,702 units (corrected figure).
• Price per unit: $0.07.
• Gross proceeds: $1,017,639.16.
• Oversubscription amount: $17,639.16.
• Unit composition: 1 common share + 1 common share purchase warrant.
• Warrant terms: Exercise price $0.10 per share; exercisable for three years post‑closing.
• Finder fee paid: $1,260 to an eligible finder.
• Use of proceeds: Exploration activities and working capital.
• Statutory hold period: Four months and one day after closing for all issued shares and warrants (including those issuable upon warrant exercise).
• Related‑party subscriptions:
• Steve Regoci (CEO & Director) – 1,192,856 units.
• Barrie Di Castri (CFO, Corporate Secretary & Director) – portion of the 1,192,856 units.
• Greg Burnett (Director) – portion of the 1,192,856 units.
• Regulatory exemptions: Issuances to insiders exempt from MI 61‑101 valuation and minority shareholder approval requirements because the consideration does not exceed 25 % of market capitalization and shares are not listed on a specified market.

Notable Quotes

(No direct quotes provided in the release.)