Golden Cariboo Closes Private Placement Tranche One
GOLDEN CARIBOO RESOURCES LTD.
1100 –1111 MELVILLE STREET
VANCOUVER, B.C. CANADA V6E 3V6
TELEPHONE: 604-669-6463
GOLDEN CARIBOO CLOSES PRIVATE PLACEMENT TRANCHE ONE
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES
January 28, 2025
Vancouver, Canada – Golden Cariboo Resources Ltd. (the “ Company”) (CSE - GCC / OTC-
GCCFF / WKN- A0RLEP) announces the closing of the first tranche of a non- brokered private
placement first announced January 3, 2025. Golden Cariboo has raised $773,915 from the issue
of 5,953,191 units at $0.13 per Unit. Each Unit consists of one common share of the Company
and one half of one common share purchase warrant. Each whole Warrant is exercisable for a
period of 3 years from the closing at exercise prices as follows: $0.18 in year one, $0.22 in year
two, and $0.25 in year three.
The proceeds of the Offering will be used for property exploration and for general working capital.
All securities to be issued are subject to a statutory four-month and one day hold period. Finder's
fees of $23,457 and 180,437 finder warrants will be paid in connection with the tranche, all in
accordance with the policies of the Canadian Securities Exchange (the “CSE”).
None of the securities sold under the Offering have been and will not be registered under the
United States Securities Act of 1933, as amended, and no such securities may be offered or sold
in the United States absent registration or an applicable exemption from the registration
requirements. This news release shall not constitute an offer to sell or the solicitation of an offer
to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which
such offer, solicitation or sale would be unlawful.
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
bordered 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 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. Hixon Creek,
which dissects the Quesnelle Gold Quartz Mine property, is a placer creek which has seen small-
scale placer production since the mid 1860's.
The information on the adjacent properties is not necessarily indicative of the mineralization on
the Quesnelle Gold Quartz Mine Project.
GOLDEN CARIBOO RESOURCES LTD.
- 2 -
“J. Frank Callaghan”
J. Frank Callaghan, President & CEO
Golden Cariboo Resources Ltd. Office: 604-669-6463
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 regar ding; the
expectation that the Company will receive all necessary approvals to complete the Offering; the expectation that the Company will
complete the Offering on the terms disclosed, or at all; the expectation that the proceeds will be used for property exploration and for
general working capital; the Company’s exploration plans with respect to its Quesnelle Gold Quartz Mine property ; and that the
Repricing will be effected.
Such forward- looking statements are based on a number of assumptions of management, including, without limitation, that the
Company will receive all necessary approvals to compl ete the Offering; that the Company will complete the Offering on the terms
disclosed; that the proceeds will be used for property exploration and for general working capital ; that the Company will have the
resources required to proceed with its exploration plans, as currently anticipated; that the Company will not run into regulatory or other
barriers in carrying out its business plan s; and that the Company will obtain all required corporate and regulatory approval s for the
Repricing.
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 not receive the necessary approvals to complete the Offering; that the
Company will not complete the Offering on the terms disclosed, or at all ; that the Company will be unable to use the proceeds for
property exploration and for general working capital; changes in the Company’s business plans; that the Com pany may incur
unanticipated costs; that the Company may not have the resources required to pursue its exploration plans; that the Company’s
operations could be adversely affected by possible future government legislation policies and controls or by change s in applicable
laws and regulations; and that the Company may not obtain CSE and other required approvals to effect the Repricing. 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 otherw ise, 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 forward-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
otherwise, except as required by law.