GCC - Golden Cariboo Closes Tranche One of Private Placement
(TheNewswire)
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
June 25, 2024 – TheNewswire - Vancouver, Canada – Golden Cariboo ResourcesLtd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A042CQ)(FSE:3TZ) announces that, further to its newsrelease of May 23, 2024 ,the company will be closing a first tranche of the non-brokeredprivate placement in the amount of $665,000. A total of 2,660,000Units at a price of $0.25 per Unit will be issued. Each unitconsists of one common share and one share purchase warrantexercisable for a period of 3 years from the closing at exerciseprices as follows: $0.28 in year one, $0.30 in year two, and $0.32 inyear three.
The private placement is subject to CSE Exchangeapproval and all securities are subject to a four month hold period.Finder’s fees may be payable in connection with the privateplacement, all in accordance with the policies of the CSE Exchange.Proceeds will be used for property exploration and for general workingcapital.
This press release does not constitute or form a partof any offer or solicitation to purchase or subscribe for securitiesin the United States. The securities referred to herein have not beenand will not be registered under the Securities Act of 1933, asamended (the “Securities Act”), or with any securities regulatoryauthority of any state or other jurisdiction in the United States, andmay not be offered or sold, directly or indirectly, within the UnitedStates or to, or for the account or benefit of,U.S. persons, as such term is defined in Regulation S under theSecurities Act (“Regulation S”), except pursuant to an exemptionfrom or in a transaction not subject to the registration requirementsof the Securities Act.
About Golden Cariboo Resources Ltd.
Golden Cariboo Resources Ltd. is rediscovering theCariboo Gold Rush by proceeding with highly targeted drilling andtrenching programs on its Quesnelle Gold Quartz Mine Property which isalmost fully encircled on 3 of 4 sides by Osisko Development(NSE-ODV/TSXV-ODV). Historically, over 101 placer gold creeks on the90 km trend from the Cariboo Hudson mine north to the Quesnelle GoldQuartz Mine Property have recorded production and successful placermining continues to this day.
Golden Cariboo’s Quesnelle Gold Quartz Mine Propertyis 4 km northeast of, and road accessible from, Hixon in centralBritish Columbia. The Property includes the Quesnelle Quartz gold-silver deposit, which wasdiscovered in 1865 in conjunction with placer mining activities. HixonCreek, which dissects the old workings, is a placer creek which hasseen small-scale placer production since the mid 1860s.
For further information please contact:
GOLDEN CARIBOO RESOURCES LTD
“J. Frank Callaghan”
J. Frank Callaghan, President &CEO
Tel: 604-682-2928
Scott Young, CorporateDevelopment
Tel: 705-888-2756
VISIT OUR WEBSITE FOR MOREDETAILS
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Neither the “CSE” Canadian Securities Exchange norits Regulation Service Provider (as that term is defined in thepolicies of the Canadian Securities Exchange) accepts responsibilityfor the adequacy or accuracy of this release.
Cautionary Statements:
This news release containsstatements which constitute “forward-looking information” withinthe meaning of applicable securities laws, including statementsregarding the plans, intentions, beliefs and current expectations ofthe Company with respect to future business activities and plans ofthe Company. Forward-looking information is often identified by thewords “may”, “would”, “could”, “should”, “will”,“intend”, “plan”, “anticipate”, “believe”,“estimate”, “expect” or similar expressions and includesinformation regarding; the expectation that the Company will receiveall necessary exemptions and approvals to complete the Offering; theexpectation that the Company will complete the Offering on the termsdisclosed, or at all; the expectation that the proceeds will be usedfor property exploration and for general working capital; theCompany’s exploration plans with respect to its Quesnelle GoldQuartz Mine property; and the anticipated participation of the insiderin the Offering.
Such forward-looking statements arebased on a number of assumptions of management, including, withoutlimitation, that the Company will receive all necessary exemptions andapprovals to complete the Offering; that the Company will complete theOffering on the terms disclosed, or at all; that the proceeds will beused for property exploration and for general working capital; thatthe Company will have the resources required to proceed with itsexploration plans; that the Company will not run into regulatory orother barriers in carrying out its business plans; that the insiderwill participate in the Offering, on the terms and conditions and inthe amount currently expected by management; and that the Company willbe able to rely on the exemption from the formal valuation andminority shareholder approval requirements on the basisanticipated.
The forward-looking statementsherein speak only as of the date they were originally made. TheCompany has no intention and undertakes no obligation to update orrevise any forward-looking statements, whether as a result of newinformation, future events or otherwise, except as required bylaw.
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