TSXV: GGI
OTC: GGIFF
Frankfurt: RQM
VANCOUVER, BC, April 25,
2022 /CNW/ - Garibaldi Resources (TSXV: GGI) (the
"Company" or "Garibaldi") is pleased to announce that
it has entered into a mineral property purchase agreement (the
"Agreement") with G. Prior (the "Vendor"), whereby
the Company agreed to acquire a 100% interest in one mineral tenure
(the "Property"), located in the Omineca Mining Division in
the Province of British Columbia
comprising approximately 214.1217 hectares. As consideration
for the Property, the Company has agreed to pay: (i) a cash payment
of $1,561.81 (the "Cash
Payment") and (ii) the issuance of 25,000 common shares
(the "Shares") of the Company, on the terms and conditions
as set forth in the Agreement. All shares are subject to a four
month hold period, and the agreement is subject to the approval of
the TSX Venture Exchange.
The one additional mineral tenure is contiguous to Garibaldi's
Red Lion project, a highly
prospective Cu-Au porphyry project in north-central B.C. Garibaldi
plans to complete geochemical and geophysical surveys this field
season to advance the property to drill readiness. Please see more
details about the project at Red
Lion | Garibaldi Resources Corp.
Company Grants Stock
Options
Furthermore, Garibaldi has granted to consultants of the company
a total of 100,000 incentive stock options exercisable for up to
five years at a price of $1.00 per
share pursuant to its stock option plan. The stock option is
subject to vesting provisions and released quarterly. The
stock option grant is subject to regulatory hold periods and
approval of the TSX Venture Exchange.
About Garibaldi
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 British
Columbia and Mexico.
We seek safe harbor.
GARIBALDI RESOURCES CORP.
Per: "Steve Regoci"
Steve Regoci, President
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or the accuracy of
this
release
SOURCE Garibaldi Resources Corp.