Business
Golden Cariboo Announces $750,000 Private Placement
(TheNewswire) Vancouver, BC - TheNewswire - June 12, 2023 - Golden Cari...
About this update from Golden Cariboo Resources Ltd.
[{"type":"text","content":"Golden Cariboo Announces $750,000 Private Placement\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver,\n \n \n BC\n \n \n -\n \n \n TheNewswire -\n \n \n June 12, 2023 -\n \n \n Golden Cariboo Resources Ltd.\n \n \n (the “Company”)\n \n \n (TSXV:GCC\n \n \n )\n \n \n (\n \n \n OTC:GCCFF\n \n \n )\n \n \n (\n \n \n WKN:A0RLEP)\n \n \n is pleased to announce the Company has arranged a\nnon-brokered private placement of up to 10,000,000 units, at a price\nof $0.075 per unit, for gross proceeds of $750,000. Each unit will\nconsist of one common share and one share purchase warrant; each\nwarrant is exercisable for a period of 5 years from the closing at a\nprice of $0.15 per share.\n \n \n \n \n The private placement is subject to TSX Venture\nExchange approval and all securities are subject to a four month hold\nperiod. Finder's fees may be payable in connection with the private\nplacement, all in accordance with the policies of the TSX Venture\nExchange.\n \n \n \n \n Proceeds will be used for property exploration and for\ngeneral working capital.\n \n \n \n \n \n \n About\nGolden Cariboo Resources Ltd.\n \n \n \n \n Golden Cariboo Resources Ltd. is rediscovering the\nCariboo Gold Rush by proceeding with high-grade targeted drilling and\ntrenching programs on its Quesnelle Gold Quartz Mine project which is\nalmost fully encircled on 3 of 4 sides by Osisko Development Corp.\n(NYSE: ODV, TSXV: ODV). Historically, over 101 placer gold creeks on\nthe 90 km trend from the Cariboo Hudson mine north to the Quesnelle\nGold Quartz mine have recorded production in excess of 2.6 million\nounces of gold up to 1933 (Hall, 1986) and successful placer mining\ncontinues to this day.\n \n \n \n \n Golden Cariboo’s Quesnelle Gold Quartz Mine property\nis 4 km northeast of, and road accessible from, Hixon in central\nBritish Columbia. The Property includes the Quesnelle Quartz\ngold-silver deposit, which was discovered in 1865 in conjunction with\nplacer mining activities and produced 2,048 tonnes grading 3.14 g/t Au\nand 4.18 g/t Ag in 1932 and 1939, with an additional 217 tonnes of\nunknown grade reported in 1878 (BC Minfile, 2021). Hixon Creek, which\ndissects the Hixon Gold claims, is a placer creek which has seen\nlimited, small-scale placer production since the mid 1860's. From\nMinistr...