Golden Cariboo receives approval to list on CSE
2023-11-30 18:01 ET – News Release
Mr. Andrew Rees reports
GOLDEN CARIBOO RESOURCES ANNOUNCES FINAL APPROVAL FOR LISTING ON THE CANADIAN SECURITIES EXCHANGE AND DELISTING ON THE TSX VENTURE EXCHANGE
Golden Cariboo Resources Ltd. has received final approval from the Canadian Securities Exchange to list its common shares on the CSE. In connection therewith, the company has prepared a listing statement (the ” Listing Statement “) dated November 30, 2023, available on SEDAR under the Company’s issuer profile on www.sedarplus.ca.
Additionally, the Company has applied to voluntarily delist the Common Shares (the ” Delisting “) from the TSX Venture Exchange (the ” TSXV “), prior to completion of the Listing. The Common Shares are expected to be delisted from the TSXV at the close of market on or about December 4, 2023 (the ” TSXV Delisting Date “).
Upon completion of the Delisting on the TSXV, the Company will list 43,534,013 Common Shares on the CSE. Such Common Shares are expected to begin trading at market open on or about Tuesday December 5, 20 23 (the ” CSE Listing Date “) under the symbol “GCC”.
For further information on the Listing and the business of Golden Cariboo, please refer to the Listing Statement of Golden Cariboo, available on SEDAR under the Company’s issuer profile on www.sedarplus.ca.
About Golden Cariboo Resources Ltd.
Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with high-grade targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine project which is almost fully encircled on 3 of 4 sides by Osisko Development Corp. (NYSE: ODV, TSXV: ODV). Historically, over 101 placer gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz mine have recorded production in excess of 2.6 million ounces of gold up to 1933 (Hall, 1986) and successful placer mining continues to this day.
Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from, Hixon in central British Columbia. The Property includes the Quesnelle Quartz gold-silver deposit, which was discovered in 1865 in conjunction with placer mining activities and produced 2,048 tonnes grading 3.14 g/t Au and 4.18 g/t Ag in 1932 and 1939, with an additional 217 tonnes of unknown grade reported in 1878 (BC Minfile, 2021). Hixon Creek, which dissects the Hixon Gold claims, is a placer creek which has seen limited, small-scale placer production since the mid 1860’s. From Ministry of Mines Reports prior to 1945, estimates of up to $2,000,000 worth of placer gold was mined from Hixon Creek.
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