Golden Cariboo Resources Announces C$2.69M Private Placement to Fund Exploration
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Golden Cariboo Resources Announces C$2.69M Private Placement to Fund Exploration

byEleanor Laurence - Content Producer, The Assay
2 weeks ago
Reading Time: 1 min read
Golden Cariboo Commences 2025 Drill Programme at the Quesnelle Gold Quartz Mine

Golden Cariboo Resources Ltd. (CSE: GCC | OTC: GCCFF) has announced two non-brokered private placements totaling up to C$2.69M to fund its 2025 exploration programme and provide general working capital. The first offering, conducted under the listed issuer financing exemption, is expected to raise between C$1.3M and C$1.69M, while the second aims for an additional C$1M. Both offerings include units composed of one common share and a half warrant, with escalating exercise prices over a three-year period.

CEO J. Frank Callaghan noted, “We are pleased to offer this financing structure as we advance exploration efforts.”

The company expects the financings to position it for strategic growth in the Cariboo Gold District, with exploration activities focused on its property near Barkerville, BC.

For further details, visit  www.goldencariboo.com

To read more articles like this, please visit www.theassay.com/news

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Eleanor Laurence - Content Producer, The Assay

Eleanor Laurence - Content Producer, The Assay

Eleanor is new to the team as a Content Producer for the Assay magazine. Eleanor moved to Hong Kong from the UK in 2020 after graduating, to work in content writing in the education sector. She looks forward to building on her experience whilst continuing to learn about the mining industry. Eleanor holds a degree in Anthropology from the University of Exeter.

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