Garibaldi Resources Corp. announced a non-brokered private placement of up to 4,651,162 flow through units at a price of CAD 0.43 flow through per unit for gross proceeds of up to CAD 2,000,000 and up to 2,500,000 non-flow through units at a price of CAD 0.40 per unit for gross proceeds of up to CAD 1,000,000, for aggregate gross proceeds of CAD 3,000,000 on July 5, 2022. Each flow through unit will consist of one common share of the company issued on a flow-through basis and one-half of one common share purchase warrant, with each flow through warrant entitling the holder to purchase one common share at a price of CAD 0.55 per common share for a period of two years following the closing of the offering.

Each non-flow through unit will consist of one common share of the Company issued on a non-flow through basis and one half of one common share purchase warrant, with each warrant entitling the holder to purchase one common share at a price of CAD 0.55 per common share for a period of two years following the closing of the offering. 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 offering. 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.