Business
Golden Cariboo Closes Private Placement Tranche One
(TheNewswire) August 12, 202 4 – TheNewswire – Vancouver, Canada ...
About this update from Golden Cariboo Resources Ltd.
[{"type":"text","content":"Golden Cariboo Closes Private Placement Tranche One\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n August 12, 202\n \n\n 4 – TheNewswire\n–\n \n\n Vancouver, Canada – Golden Cariboo\nResources Ltd. (the “\n \n\n Company\n \n\n ”) (CSE- GCC / OTC- GCCFF / WKN-\nA0RLEP) announces the closing of the first tranche of a non-brokered\nprivate placement first announced July 29, 2024.  Golden Cariboo has\nraised $1,189,000 from the issue of 7,926,667 units at $0.15 per Unit.\n Each Unit consists of one common share of the Company  and one\ncommon share purchase warrant. Each Warrant is\n \n\n exercisable for a period of 3 years from the closing at\nexercise prices as follows: $0.20 in year one, $0.22 in year two, and\n$0.25 in year three.\n \n\n\n\n The proceeds of the Offering will be used for property\nexploration and for general working capital. All securities to be\nissued are subject to a statutory four-month and one day hold\nperiod\n \n\n\n\n . Finder's\nfees of $45,960 and 306,400 finder warrants will be paid in connection\nwith the tranche, all in accordance with the policies of the Canadian\nSecurities Exchange (the “\n \n\n CSE\n \n\n ”).\n \n\n\n\n None of the securities sold under the Offering have\nbeen and will not be registered under the United States Securities Act\nof 1933, as amended, and no such securities may be offered or sold in\nthe United States absent registration or an applicable exemption from\nthe registration requirements. This news release shall not constitute\nan offer to sell or the solicitation of an offer to buy nor shall\nthere be any sale of the securities in the United States or any\njurisdiction in which such offer, solicitation or sale would be\nunlawful.\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\n(NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the\n90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold\nQuartz mine have recorded production and successful placer mining\ncontinues to this day.\n \n\n\n\n Golden Carib...