Golden Cariboo closes $311,500 1st tranche of financing
2025-10-15 20:16 ET – News Release
Mr. J. Frank Callaghan reports
GOLDEN CARIBOO CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
Golden Cariboo Resources Ltd. has received subscription agreements for $1,050,500 from the private placement announced Sept. 16, 2025, and has closed a first tranche of $311,500 from the issue of 6.23 million units at five cents per unit. Each unit consists of one common share of the company and one share purchase warrant.
Each warrant is exercisable for a period of five years from the closing date at exercise prices as follows: 7.5 cents in year 1, 10 cents in year 2, 15 cents in year 3, 20 cents in year 4 and 25 cents in year 5.
The proceeds of the offering will be used for property exploration and for general working capital. All securities to be issued are subject to a statutory four-month-and-one-day hold period . Finders’ fees of $23,600 and 472,000 finder warrants will be paid in connection with the first tranche, all in accordance with the policies of the Canadian Securities Exchange.
About Golden Cariboo Resources Ltd.
Golden Cariboo Resources is rediscovering the Cariboo gold rush by proceeding with highly targeted drilling and trenching programs on its Quesnelle Gold Quartz mine property, which is bordered by Osisko Development, partly intertwined with it at the northern end of the Cariboo gold project, and located along a favourable corridor adjacent to the Spanish and Eureka thrust faults over a 94,899-hectare (234,501-acre) area. Historically, over 101 placer gold creeks on the 90-kilometre (56-mile) trend, from the Cariboo Hudson mine north to the Quesnelle Gold Quartz mine property, have recorded production with successful placer mining continuing to this day.
Golden Cariboo’s Quesnelle Gold Quartz mine property is four kilometres (2.5 miles) 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 and developed over a footprint of about 150 metres by 150 metres (less than six acres) at the Main zone straddling Hixon Creek. Over all, the geological setting of the gold mineralization at the company’s Quesnelle Gold Quartz mine property shows strong similarities with the Spanish Mountain gold deposit, situated 120 kilometres (75 miles) toward the southeast along the same geological trend. As a sediment-hosted vein (SHV) deposit, the Spanish Mountain deposit is considered to belong to the epizonal orogenic subclass of gold deposits, which includes some of the world’s largest deposits such as Muruntau (Uzbekistan) and Bendigo (Australia).
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