UPDATE: Golden Cariboo Resources Ltd. (CSE: GCC) Closes Private Placement Tranche One
Golden Cariboo Resources Ltd. has closed the first tranche of a non-brokered private placement first announced Jan. 3, 2025. Golden Cariboo has raised $773,915 from the issue of 5,953,191 units at 13 cents per unit. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each whole warrant is exercisable for a period of three years from the closing at exercise prices as follows: 18 cents in year 1; 22 cents in year 2; and 25 cents in year 3.
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 $23,457 and 180,437 finders’ warrants will be paid in connection with the 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 high-grade targeted drilling and trenching programs on its Quesnelle gold quartz mine project bordered by Osisko Development. Historically, over 101 placer gold creeks on the 90-kilometre trend from the Cariboo Hudson mine north to the Quesnelle gold quartz mine have recorded production and successful placer mining continues to this day.
Golden Cariboo’s Quesnelle gold quartz mine property is four kilometres 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. Hixon Creek, which dissects the Quesnelle gold quartz mine property, is a placer creek that has seen small-scale placer production since the mid 1860s.
The information on the adjacent properties is not necessarily indicative of the mineralization on the Quesnelle gold quartz mine project.
We seek Safe Harbor.
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