Golden Cariboo Announces Effective Date for Share Consolidation
GOLDEN CARIBOO RESOURCES LTD.
804 –750 WEST PENDER STREET
VANCOUVER, B.C. CANADA V6C 2T7
TELEPHONE: 604-682-2928
FAX: 604-685-6905
GOLDENCARIBOO.com
CSE Stock Symbol GCC
GOLDEN CARIBOO ANNOUNCES EFFECTIVE DATE FOR SHARE CONSOLIDATION
February 1, 2024
Vancouver, Canada – Golden Cariboo Resources Ltd. (the “ Company”) (CSE -GCC/OTC-
GCCFF/WKN-A0RLEP) announces that, further to its news release of January 19, 2024, it will effect the
consolidation (the “Consolidation”) of its common shares (the “ Shares”) on the basis of one (1) new
Share for every three (3) old Shares on or abo ut Wednesday, February 7, 202 4, resulting in the
Company having approximate ly 14,511,337 Shares issued and outstanding on a post -Consolidation
basis.
The Shares of the Company will begin trading on a consolidated basis at the opening of trading on or
about Wednesday February 7, 2024. The new ISIN of the Company is CA3808134025 and the CUSIP
is 380813402.
Registered shareholders of the Company who hold their Shares in certificate form will receive a letter of
transmittal from the Company’s transfer agent, Computershare Investor Services Inc., with instructions
for exchanging their pre-Consolidation Shares. Shareholders who hold their Shares through a bro ker
or other intermediary will not need to complete a letter of transmittal. Shareholders who hold their Shares
in DRS format will automatically receive an exchanged DRS advice and will not need to complete a
letter of transmittal.
No fractional Shares will be issued as a result of the Consolidation , as any fractional Share will be
rounded to the nearest whole number. Specifically, each fractional Share remaining after Consolidation
that is less than half of a Share will be cancelled and each fractional Share that is at least half of a Share
will be changed to one whole Share.
The Consolidation is intended to make the Shares more attractive to new and current investors.
About Golden Cariboo Resources Ltd.
Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with high-grade
targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine project which is almost fully
encircled on 3 of 4 sides by Osisko Development (NSE-ODV/TSXV-ODV). Historically, over 101 placer
gold creeks on the 90 km trend from the Cariboo Hudson mine north to the Quesnelle Gold Quartz mine
have recorded production in excess of 2.6 million ounces of gold up to 1933 (Hall, 1986) and successful
placer mining continues to this day.
Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 km northeast of, and road accessible from,
Hixon in central British Columbia. The Property includes the Quesnelle Quartz gold-silver deposit, which
was discovered in 1865 in conjunction with placer mining activities and produced 2,048 tonnes grading
3.14 g/t Au and 4.18 g/t Ag in 1932 and 1939, with an additional 217 tonnes of unknown grade reported
in 1878 (BC Minfile, 2021). Hixon Creek, which dissects the Quesnelle Gold Quartz Mine property, is a
placer creek which has seen limited, small-scale placer production since the mid 1860's. From Ministry
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of Mines Reports prior to 1945, estimates of up to $2,000,000 worth of placer gold was mined from
Hixon Creek.
GOLDEN CARIBOO RESOURCES LTD.
“J. Frank Callaghan”
J. Frank Callaghan, President & CEO
Neither the “CSE” Canadian Securities Exchange nor its Regulation Service Provider (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statements:
This news release contains statements which constitute “forward -looking information” within the
meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and
current expectations of the Company with respect to future business activities and plans of the
Company. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”,
“will”, “intend”, “plan” , “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes
information regarding: the number of Shares outstanding following the Consolidation; the effect of the
Consolidation on the market for the Shares; the treatment of fractional shares in the Consolidation; and
the Company’s exploration plans with respect to its Quesnelle Gold Quartz Mine property.
Such forward-looking statements are based on a number of assumptions of management, including,
without limitation, that the Company will complete the Consolidation; that the Company will receive the
necessary approvals to complete the Consolidation; that the number of Shares outstanding following
the Consolidation will be consistent with the number set out herein; that the Consolidation will make the
Shares more attractive to new and current investors; that the Shares will commence trading on a
consolidated basis in the manner and on the date set forth herein; that registered shareholders who
hold their Shares in certificate form will receive a n instruction letter of transmittal from the Company’s
transfer agent; that s hareholders who hold their Shares in DRS format will automatically receive an
exchanged DRS advice ; that the treatment of fractional shares will align with management’s current
expectations; that the Company will have the resources require d to proceed with its exploration plans;
and that the Company will not run into regulatory or other barriers in carrying out its business plan.
Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties
and other factors which may cause the actual plans, intentions, activities, results, performance or
achievements of the Company to be materially different from any future plans, intentions, activities,
results, performance or achievements expressed or implied by such forward-looking statements. Such
risks include, without limitation: that the Company will be unable to complete the Consolidation; that the
Company will not receive the necessary approvals to complete the Consolidation; that the treatment of
fractional shares will differ for the treatment set out herein; that the Consolidation will not make the
Shares more attractive to new and current investors; that the Shares will not commence trading on a
consolidated basis in the manner and on the date set forth her ein; that registered shareholders who
hold their Shares in certificate form will not receive an instruction letter of transmittal from the Company’s
transfer agent; that shareholders who hold their Shares in DRS format will not automatically receive an
exchanged DRS advice; that the number of issued and outstanding shares following the Consolidation
will differ for the number statement herein ; that the Company may incur unanticipated costs; that the
Company may not have the resources required to pursue its exploration plans; and that the Company’s
operations could be adversely affected by possible future government legislation policies and controls
1383-9719-0665, v. 2
or by changes in applicable laws and regulations . Such forward -looking information represents
management's best judgment based on information currently available. No forward -looking statement
can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not
to place undue reliance on forward-looking statements or information. Neither the Company nor any of
its representatives make any representation or warranty, express or implied, as to the accuracy,
sufficiency or completeness of the information in this news release. Neither the Company nor any of its
representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any
person resulting from the use of the information in this news release by you or any of your
representatives or for omissions from the information in this news release.
The f orward-looking statements herein speak only as of the date they were originally made. The
Company has no intention and undertakes no obligation to update or revise any forward -looking
statements, whether as a result of new information, future events or oth erwise, except as required by
law.