Garibaldi Announces $4.0 Million Financing
GARIBALDI RESOURCES CORP.
1150 - 409 Granville Street
Vancouver, BC V6C 1T2
Telephone: (604) 488-8851 Website: GaribaldiResources.com
November 29, 2022 TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
GARIBALDI ANNOUNCES $4.0 MILLION FINANCING
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia, November 29, 2022 - Garibaldi Resources (TSXV: GGI) (the “Company” or
“Garibaldi”) is pleased to announce a non-brokered private placement (the “ Offering” ) o f u p t o
10,000,000 flow-through units (each, a “FT Unit”) at a price of $0.30 per FT Unit for gross proceeds of up to
CDN $3.0 million and 4,000,000 non -flow-through units (each, a “ Unit”) at a price of $0.25 per Unit for
gross proceeds of up to CDN $1.0 million.
Each FT Unit will consist of one common share of the Company issued on a “flow-through” basis pursuant
to the Income Tax Act (Canada) and one-half of one common share purchase warrant (each whole warrant,
a “FT Warrant”), with each FT Warrant entitling the holder to purchase one common share (on a non-flow-
through basis) at a price of $0.45 per common share for a period of three years following the closing of the
Offering.
Each Unit will consist of one common share of the Company (on a non-flow-through basis) and one-half of
one common share purchase warrant (each whole warrant, a “ Warrant”), with each Warrant entitling the
holder to purchase one common share (on a non-flow-through basis) at a price of $0.40 per common share
for a period of three years following the closing of the Offering.
All of the proceeds from the offering of FT Units will be used to further advance Garibaldi’s 100% owned
flagship E&L nickel-copper-cobalt project on Nickle Mountain and other British Columbia properties. All
proceeds from the offering of Units will be used for working capital purposes.
All securities issued in connection with the Offering will be subject to a statutory hold period expiring
four months and one day after closing of the O ffering. The Offering may include finder’s fees
commission’s payable in cash and/or securities and is subject to approval of the TSX Venture Exchange
(the “Exchange”). Insiders may participate in the Offe ring. Any participation by insiders in the Offering
will constitute a related party transactio n under Multilateral Instrument 61-101 - Protection of Minority
Security Holders in Special Transactions (“ MI 61-101 ”) but is expected to be exempt from the formal
valuation and minority shareholder approval requirements of MI 61-101.
None of the securities sold in connection with the Offering will be registered under the United States
Securities Act of 1933, as amended, and no such securi ties may be offered or sold in the United States
absent registration or an applicable exemption from the registration requirements. This news release shall
not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Garibaldi
Garibaldi Resources Corp. is an active Canadian-bas ed 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.
GARIBALDI RESOURCES CORP.
Per: "Steve Regoci"
Steve Regoci, President
Neither the TSX Venture Exchange nor its Regulation Servic es Provider accepts responsibility for the adequacy or the
accuracy of this release
Cautionary Statement Regarding Forward-Looking Statements
This news release includes certain “for ward-looking statements” under applicable Canadian securities legislation that are
not historical facts. Forward-looking stat ements involve risks, uncertainties, an d other factors that could cause actual
results, performance, prospects, and opportunities to differ ma terially from those expressed or implied by such forward-
looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect
to the expectations of management regarding the proposed O ffering, the expectations of management regarding the use of
proceeds of the Offering, closing conditions for the Offering, the expiry of hold periods for securities distributed pursuant to
the Offering, and Exchange approval of the proposed Offering. Although the Company believes that the expectations
reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be
correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the statements including that: the Company may not complete the
Offering on terms favorable to the Company or at all; th e Exchange may not approve the Offering; the proceeds of the
Offering may not be used as stated in this news release; the funds raised from the sale of the FT Units and the Units may not
be renounced in favour of the shareholders of the Company; the Company may be unable to satisfy all of the conditions to the
Closing; and those additional risks set out in the Comp any’s public documents filed on SEDAR at www.sedar.com.
Although the Company believes that the assumptions and facto rs used in preparing the forw ard-looking statements are
reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and
no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law,
the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of
new information, future events, or otherwise.