GCC - Golden Cariboo Resources Announces Final Approval for Listing on the Canadian Securities Exchange and Delisting on the TSX Venture Exchange
(TheNewswire)
Vancouver, BC - TheNewswire - Novemb er 30, 2023 - GoldenCariboo Resources Ltd. (TSXV:GCC.V) (“ Golden Cariboo ” orthe “ Company ”) is pleased to announce that the Company has receivedfinal approval from the Canadian Securities Exchange (“ CSE ”) to list itscommon shares (the " Common Shares ") on the CSE (the" Listing "). In connection therewith, the Company has prepared alisting statement (the “ Listing Statement ”) datedNovember 30, 2023, available on SEDAR under theCompany’s issuer profile on www.sedarplus.ca.
Additionally, the Company has applied to voluntarilydelist the Common Shares (the " Delisting ") fromthe TSX Venture Exchange (the " TSXV "), prior tocompletion of the Listing. The Common Shares are expected to bedelisted from the TSXV at the close of market on or about December4, 2023 (the“ TSXV DelistingDate ”).
Upon completion of the Delisting on the TSXV, theCompany will list 43,534,013 Common Shares on the CSE. Such CommonShares are expected to begin trading at market open on or aboutTuesday December 5, 20 23 (the “ CSE ListingDate ”) under the symbol “GCC”.
For further information on the Listing and the businessof Golden Cariboo, please refer to the Listing Statement of GoldenCariboo, available on SEDAR under theCompany’s issuer profile on www.sedarplus.ca.
AboutGolden Cariboo Resources Ltd.
Golden Cariboo Resources Ltd. is rediscovering theCariboo Gold Rush by proceeding with high-grade targeted drilling andtrenching programs on its Quesnelle Gold Quartz Mine project which isalmost fully encircled on 3 of 4 sides by Osisko Development Corp.(NYSE: ODV, TSXV: ODV). Historically, over 101 placer gold creeks onthe 90 km trend from the Cariboo Hudson mine north to the QuesnelleGold Quartz mine have recorded production in excess of 2.6 millionounces of gold up to 1933 (Hall, 1986) and successful placer miningcontinues 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 Quartzgold-silver deposit, which was discovered in 1865 in conjunction withplacer mining activities and produced 2,048 tonnes grading 3.14 g/t Auand 4.18 g/t Ag in 1932 and 1939, with an additional 217 tonnes ofunknown grade reported in 1878 (BC Minfile, 2021). Hixon Creek, whichdissects the Hixon Gold claims, is a placer creek which has seenlimited, small-scale placer production since the mid 1860's. FromMinistry of Mines Reports prior to 1945, estimates of up to $2,000,000worth of placer gold was mined from Hixon Creek.
GOLDEN CARIBOO RESOURCES LTD
“ Andrew H.Rees ”
Andrew H. Rees, Director
Telephone: 604-505-3739
Neither the Canadian SecuritiesExchange nor its Regulation Service Provider (as the term is definedin the policies of the Canadian Securities Exchange) acceptsresponsibility for the adequacy of accuracy of this newsrelease.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
Thesecurities referred to in this news release have not been, nor willthey be, registered under the United States Securities Act of 1933, asamended, and may not be offered or sold within the United States orto, or for the account or benefit of, U.S. persons absent U.S.registration or an applicable exemption from the U.S. registrationrequirements.
This news release does not constitutean offer for sale of securities, nor a solicitation for offers to buyany securities.
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: (i) the fact that the Company will complete theListing following receipt of final approval from the CSE; (ii) theCompany’s intention to complete the Delisting; (iii) the fact thatthe Common Shares are expected to be delisted on the TSXV on the TSXVDelisting Date; (iv) the number of Common Shares expected to be listedon the CSE; and (v) the Company’s intention to begin trading itsCommon Shares on the CSE Listing Date.
Such forward-looking statements arebased on a number of assumptions of management, including, withoutlimitation, that the Company will complete the Listing, that the TSXVwill approve the Delisting, that the Common Shares will be delisted onthe TSXV on the TSXV Delisting Date, that the current number of issuedand outstanding Common Shares will remain unchanged and that theCommon Shares will begin trading on the CSE on the CSE Listing Date.
Additionally, forward-looking information involve a variety of knownand unknown risks, uncertainties and other factors which may cause theactual plans, intentions, activities, results, performance orachievements of the Company to be materially different from any futureplans, intentions, activities, results, performance or achievementsexpressed or implied by such forward-looking statements. Such risksinclude, without limitation :that the Company may not be able to complete the Listing afterobtaining final approval from the CSE; the TSXV may not provideapproval for the Delisting; the Company’s Listing and Delistingplans may be adversely affected by possible future governmentlegislation, TSXV and/or CSE policies and controls or by changes inapplicable laws and regulations; the Common Shares may not be delistedon the TSXV on the TSXV Delisting Date; the Company may issueadditional Common Shares or cancel currently outstanding Common Sharesprior to the CSE Listing Date; and the Common Shares may not begintrading on the CSE on the CSE Listing Date. Such forward-lookinginformation represents management's best judgment based on informationcurrently available. No forward-looking statement can be guaranteedand actual future results may vary materially. Accordingly, readersare advised not to place undue reliance on forward-looking statementsor information. Neither the Company nor any of its representativesmake any representation or warranty, express or implied, as to theaccuracy, sufficiency or completeness of the information in this newsrelease. Neither the Company nor any of its representatives shall haveany liability whatsoever, under contract, tort, trust or otherwise, toyou or any person resulting from the use of the information in thisnews release by you or any of your representatives or for omissionsfrom the information in this news release.
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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