Golden Cariboo Resources Ltd. (CSE: GCC) has announced a non-brokered private placement for gross proceeds of up to C$700,000. The offering will consist of up to 7,000,000 flow-through units priced at C$0.10 each.
Each unit includes one flow-through common share and one-half of a non-flow-through warrant. Each full warrant will entitle the holder to purchase one additional non-flow-through share at a price of C$0.15 for a period of 24 months following the closing date.
Proceeds from the placement will be used for eligible Canadian exploration expenditures on the company’s Quesnelle Gold Quartz Mine property near Hixon, British Columbia. The financing supports Golden Cariboo’s ongoing exploration efforts in a region historically known for high-grade gold mineralization.
All securities issued under the offering will be subject to a four-month hold period. The private placement is subject to regulatory approval.
For more information, visit www.goldencariboo.com
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