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Golden Cariboo Private Placement - Final Tranche
(TheNewswire) March 12, 2024 / TheNewswire / Vancouver, Canada – Golden Cari...
About this update from Golden Cariboo Resources Ltd.
[{"type":"text","content":"Golden Cariboo Private Placement - Final Tranche\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n March 12, 2024 /\n \n \n TheNewswire /\n \n \n Vancouver, Canada – Golden Cariboo Resources\nLtd. (the “\n \n \n Company\n \n \n ”) (CSE-\n \n \n GCC/OTC-GCCFF/WKN-A0RLEP)\n \n \n announces\nthat, further to its news release of January 22, 2024, the company\nwill be applying to close tranche two of the non-brokered private\nplacement in the amount of $709,000.  After the CSE review period has\nelapsed a total of 7,090,000 Units\n \n \n at a price of\n$0.10 per Unit, will be issued. Each Unit will consist of one common\nshare and one-half share purchase warrant; each full warrant is\nexercisable for a period of 5 years from the closing\n \n \n at exercise prices as follows:\n \n \n $0.12 in\nyear one, $0.14 in year two, $0.16 in year three, $0.18 in year four,\nand $0.20 in year five.  This is the final tranche.  The private\nplacement was fully subscribed with total gross proceeds of\n$2,000,000.\n \n \n \n \n None of the foregoing securities have been and will not\nbe registered under the United States Securities Act of 1933, as\namended (the “\n \n \n 1933\nAct\n \n \n ”) or any applicable state securities laws\nand may not be offered or sold in the United States or to, or for the\naccount or benefit of, U.S. persons (as defined in Regulation S under\nthe 1933 Act) or persons in the United States absent registration or\nan applicable exemption from such registration requirements.  This\nnews release does not constitute an offer to sell or the solicitation\nof an offer to buy, nor will there be any sale of the foregoing\nsecurities in any jurisdiction in which such offer, solicitation or\nsale would be unlawful.\n \n \n \n \n The Offering is subject to CSE approval and all\nsecurities will be subject to a four month hold period. Finder's fees\nmay be payable in connection with the Offering, all in accordance with\nthe policies of the CSE.\n \n \n \n \n The proceeds will be used for property exploration and for\ngeneral working capital\n \n \n .\n \n \n \n \n Multilateral Instrument 61-101\n \n \n \n \n The second tranche includes insider participation of\n250,000 Units for $25,000.  Total insider participation for the\nprivate placement was $35,000. ...