Business
Golden Cariboo to Consolidate Common Shares
(TheNewswire) January 19, 2024  -- TheNewswire -- Vancouver, Canada – G...
About this update from Golden Cariboo Resources Ltd.
[{"type":"text","content":"Golden Cariboo to Consolidate Common Shares\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n January 19, 2024  --\n \n \n TheNewswire\n--\n \n \n Vancouver, Canada – Golden Cariboo\nResources Ltd. (the “\n \n \n Company\n \n \n ”) (CSE:\n \n \n GCC\n \n \n ) (\n \n \n OTC:GCCFF\n \n \n ) (\n \n \n WKN:A0RLEP)\n \n \n announces that\n \n \n subject to the approval of the Canadian Securities Exchange\n(“\n \n \n CSE\n \n \n ”), it will be proceeding with the consolidation (the\n“\n \n \n Consolidation\n \n \n ”) of all of its issued and outstanding common shares (the\n“\n \n \n Shares\n \n \n ”) on the\n \n \n basis of one (1) new Share\nfor every three (3) old Shares held resulting in\n \n \n the Company having approximately 14,511,337 Shares issued and\noutstanding on a post consolidated basis.  The record date, expected\npost-consolidation trading date and new CUSIP number will be announced\nafter final approval by the CSE.\n \n \n \n \n Registered shareholders of the Company who hold their\nShares in certificate form will receive a letter of transmittal from\nthe Company’s transfer agent, Computershare Investor Services Inc.,\nwith instructions for exchanging their pre-Consolidation Shares. \nShareholders who hold their Shares through a broker or other\nintermediary will not need to complete a letter of transmittal.\nShareholders who hold their Shares in DRS format will automatically\nreceive an exchanged DRS advice and will not need to complete a letter\nof transmittal.\n \n \n \n \n No fractional Shares will be issued as a result of the\nConsolidation.  Shares will be rounded down to the nearest whole\nShare.\n \n \n \n \n The Consolidation is intended to make the Shares more\nattractive to new and current investors.\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 \n \n (NSE-ODV/TSXV-ODV)\n \n \n .\nHis\n \n \n torically, over 101 placer gold creeks on the\n90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold\nQuartz mine h...