Golden Cariboo Resources Ltd. (CSE: GCC | OTC: GCCFF | WKN: A402CQ | FSE:3TZ) has announced that its private placement first announced on 3 January 2025 remains open.
Each C$0.13 unit will consist of one common share in the capital of the company and one half of one share purchase warrant. Two half warrants will equal one full share purchase warrant, exercisable for a period of three years from the closing date, at exercise prices as follows: C$0.18 in year one, C$0.22 in year two, and C$0.25 in year three.
The company has sold 9,327,441 units for gross proceeds of C$1,212,567.30 in tranches 1 & 2. The private placement is subject to Canadian Securities Exchange approval and all securities are subject to a four-month hold period. Finder’s fees may be payable in connection with the private placement, all in accordance with the policies of the CSE.
The proceeds from the private placement will be used for continued property exploration and for general working capital.
To find out more, please visit www.goldencariboo.com
To read more articles like this, please visit www.theassay.com
