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Garibaldi GGI.V

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1 year 1 week ago #119008 by lynnsa10
lynnsa10 replied the topic: Garibaldi GGI.V
Garibaldi closes $3.49M final tranche of placement

Garibaldi Resources Corp (C:GGI)
Shares Issued 86,283,206
Last Close 10/4/2017 $2.19
Thursday October 5 2017 - News Release

Mr. Steve Regoci reports

GARIBALDI CLOSES $6 MILLION FINANCING

Garibaldi Resources Corp. has closed the final tranche of the company's recently announced $6-million private placement (see Sept. 26, 2017, news release).

Gross proceeds from the final tranche total $3,497,120 with hard dollar and flow-through units fully subscribed for by institutional resource funds.

Steve Regoci, Garibaldi President and CEO, commented: "We're grateful for the financial vote of confidence by Eric Sprott and institutional funds in the exciting developments at our 100%-owned E&L Nickel Mountain Project near Eskay Creek. We accelerated the program last month, as stated in our September 1 news release, and aggressive drilling continues. We look forward to providing investors with a detailed exploration update in the very near future."

Final Tranche Details

Garibaldi issued 1,216,000 units at $0.82 per unit with each unit consisting of one common share of the Company and one full share purchase warrant exercisable at a price of $1.05 per share for a period of two years. Garibaldi also issued an additional 2,717,391 flow-through units at $0.92 per unit with each unit consisting of one common share of the Company and one half of one share purchase warrant exercisable at a price of $1.05 per share for a period of two years. All units from the private placement, non-flow-through and flow-through, are subject to a 4-month hold period from the date of issuance. This tranche included a finder's fee totaling $248,552.56, paid to EMD financial Inc. The $6 million financing is subject to final TSX Venture approval.

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1 year 1 week ago #118992 by Gambler
Gambler replied the topic: Garibaldi GGI.V
GGI another new high at $2.17, this thing just keeps going

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1 year 2 weeks ago #118977 by lynnsa10
lynnsa10 replied the topic: Garibaldi GGI.V
Garibaldi revises financing terms, grants options

Garibaldi Resources Corp (C:GGI)
Shares Issued 85,562,371
Last Close 9/26/2017 $1.83
Tuesday September 26 2017 - News Release

Mr. Steve Regoci reports

GARIBALDI FINANCING REVISED

Further to Garibaldi Resources Corp.'s Sept. 1, 2017, news release announcing the arrangement of a non-brokered private placement to raise total gross proceeds of $6-million, the TSX Venture Exchange has informed the company that the fully subscribed financing is subject to repricing on the basis that the news release was deemed a material change.

Private placement details

The TSX Venture has accepted the revised pricing for the amended financing. Garibaldi will issue 2,622,500 non-flow-through units at 82 cents per share (gross proceeds of $2,150,450) and 4,184,000 flow-through units at 92 cents per share (gross proceeds of $3,849,280). The non-flow-through unit includes a full warrant exercisable at $1.05 for two years. The flow-through unit includes a half warrant exercisable at $1.05 for two years.

All units from the private placement are subject to a four-month hold period from the date of issuance.

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1 year 2 weeks ago #118967 by Gambler
Gambler replied the topic: Garibaldi GGI.V
Well we can't own all of them. I sold a bit more today and put it into ZON, see if I can get a repeat and ZON hit $2

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1 year 3 weeks ago #118940 by ron
ron replied the topic: Garibaldi GGI.V

GoldnBoy wrote: Hoss, you were right, it ran higher, except on no news, about $1.60 now and hit $1.84, amazing with no drill assays reported yet


i kick myself for not buying GGI at $0.10.

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1 year 3 weeks ago #118935 by GoldnBoy
GoldnBoy replied the topic: Garibaldi GGI.V
Hoss, you were right, it ran higher, except on no news, about $1.60 now and hit $1.84, amazing with no drill assays reported yet

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1 year 1 month ago #118855 by Hoss
Hoss replied the topic: Garibaldi GGI.V
Glad I held most of my position, Probably sell more on drill news or if it gets much higher might be too tempting. Probably be at least 5 weeks to see these drill numbers, maybe the stock will run more on next visuals if they put that out.

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1 year 1 month ago #118851 by GoldnBoy
GoldnBoy replied the topic: Garibaldi GGI.V
And $1.14 today. Over $100 million market cap and not a drill hole result yet

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1 year 1 month ago #118845 by alexgreat
alexgreat replied the topic: Garibaldi GGI.V
Wow over $1.00 today and they raising $6 million

2017-09-01 13:18 ET - News Release


Mr. Steve Regoci reports

GARIBALDI INTERSECTS BROAD INTERVALS OF NICKEL-COPPER SULPHIDE MINERALIZATION IN FIRST DRILL HOLE AT E&L

Garibaldi Resources Corp. has intersected two long intervals of nickel-copper sulphide mineralization totalling 176 metres and consisting of pyrrhotite-pentlandite-chalcopyrite in the first drill hole at its 100-per-cent-owned E&L project at Nickel Mountain near Eskay Creek. Drilling of the second hole begins imminently.

Significantly, borehole EL-17-01 was drilled away from the historical mineralized zones into a previously untested area in order to provide the best immediate platform for SJ Geophysics' Volterra borehole EM (electromagnetic) survey as it gauges the orientation of conductor D. This new discovery convincingly expands the scale of the mineralizing system eastward from the high-tenor E&L mineralization and beyond the historical estimates from 12 shallow holes drilled by Silver Standard in the 1960s. The downhole survey will be completed for each drill hole and is expected to provide a reliable vector to the interpreted massive sulphide body.

Additional highlights of the first drill hole:

EL-17-01 entered mineralized gabbro beginning at a depth of 51 metres with disseminated sulphides continuing to 169.5 metres. A second section of disseminated sulphides started at a depth of 274.5 metres and continued to 332 metres. Metre-scale intervals of up to 30 per cent sulphides at the base of the intercept occur as heavy disseminations, net textures and gash veins.
EL-17-01 remained in the E&L intrusive complex from the collar to the end of the hole at a depth of 441 metres. Core is being processed and assays will be reported as soon as possible.
Dr. Peter Lightfoot, an internationally recognized nickel sulphide expert and a technical adviser for Garibaldi, commented: "The first borehole encountered a sequence of rock types varying from ultramafic through chaotic-textured olivine gabbro and leucogabbro. Magmatic-textured sulphides with blebby disseminated sulphides occur in association with all rock types, except for the leucogabbro.

"The range in rock types, including the chaotic-textured rock types at E&L, are similar to those found in other global examples of nickel sulphide deposits hosted by small intrusions that provided very efficient magma highways from the mantle," Dr. Lightfoot concluded.

True widths of the mineralized zones intersected in the first hole are unknown at this time.

Garibaldi accelerates nickel mountain program

Garibaldi is pleased to announce that it has arranged a non-brokered private placement to raise total gross proceeds of $6-million. The fully subscribed financing is expected to close by no later than Sept. 15, 2017.

Private placement details

Garibaldi will issue 2,307,697 units at 65 cents per share (gross proceeds of $1.5-million) and 5,999,999 flow-through units at 75 cents per share (gross proceeds of $4.5-million).

Each common share unit at 65 cents comprises one common share in the capital of the company and one full non-transferable share purchase warrant.

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1 year 1 month ago #118727 by Hoss
Hoss replied the topic: Garibaldi GGI.V
Yup, we back up to highs on news today. Drlling will start very soon'
2017-08-18 11:27 ET - News Release

Mr. Steve Regoci reports

GARIBALDI APPLIES "FULL FORCE" AT NICKEL MOUNTAIN

Garibaldi Resources Corp. has provided an exploration and corporate update pertaining to the company's 63-square-kilometre and 100-per-cent-owned E&L project at Nickel Mountain in the heart of northwest British Columbia's prolific Eskay camp.

Highlights:

Crews, including Full Force Drilling out of Peachland, B.C., have mobilized to commence diamond drilling within the next several days at the historic E&L deposit, the Eskay Camp's only nickel-copper massive sulphide system just 11 miles southwest of Eskay Creek;
SJ Geophysics has been carrying out ground-based loop EM geophysics to ensure even greater accuracy at targeting known nickel-copper-rich mineralized zones at the E&L and the strong, broad VTEM conductor estimated to begin within 20 to 40 meters below the deepest hole drilled (122 meters) by Silver Standard in the mid-1960's;
Garibaldi's initial drill holes targeting the VTEM conductor will be drilled from the west and the east in a scissor pattern to ensure successful intersections of the as yet unknown orientation of the anomaly in the third dimension.

Steve Regoci, President and CEO, stated: "It has been nearly 50 years since drilling has been carried out at the top of Nickel Mountain where massive sulphides were originally found in outcrop in the early 1960's. I commend our team of nickel sulphide experts for the exceptional work they have done to compile and reinterpret historic data while merging that with our own geological and geophysical data covering the E&L and a potential multi-kilometer-long mineralized structural corridor. We will issue a news release upon the commencement of drilling."

All 12 Silver Standard holes drilled in the mid-1960's intersected nickel-copper mineralization highlighted by a 37.8-meter interval in DDH-4-1966 that returned 1.3% nickel and 0.79% copper, including 5.9% nickel and 1.7% copper over 2.74 meters near the bottom of the hole.

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1 year 2 months ago #118694 by GoldnBoy
GoldnBoy replied the topic: Garibaldi GGI.V
Stock dropped as low as 48 but is showing nice consolidation here in 50s

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1 year 2 months ago #118678 by GoldnBoy
GoldnBoy replied the topic: Garibaldi GGI.V
Looks like a good move for those that took some profits yesterday, at least in the short term.

The company issued the standard news releases that they are not aware of any material changes on why the stock is higher.

You ever wonder why IROC questions companies when the stock goes up, but not down??

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