Golden Cariboo to Consolidate Common Shares
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 TO CONSOLIDATE COMMON SHARES
January 19, 2024
Vancouver, Canada –Golden Cariboo Resources Ltd. (the “Company”) (CSE-GCC/OTC-GCCFF/WKN-
A0RLEP) announces that subject to the approval of the C anadian Securities Exchange (“CSE”), it will
be proceeding with the consolidation (the “Consolidation”) of all of its issued and outstanding common
shares (the “Shares”) on the basis of one (1) new Share for every three (3) old Shares held resulting in
the Company having approximately 14,511,337 Shares issued and outstanding on a post consolidated
basis. The record date, expected post -consolidation trading date and new CUSIP number will be
announced after final approval by the CSE.
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 broker
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. Shares will be rounded down to the
nearest 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
of Mines Reports prior to 1945, estimates of up to $2,000,000 worth of placer gold was mined from
Hixon Creek.
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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 fut ure 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; and the treatment of fractional shares in the Consolidation.
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; and that the treatment of fractional shares will align
with management’s current expectations.
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; and that the number of issued and outstanding
shares following the Consolidation will differ for the number statement herein. 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 representa tion 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 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 o r otherwise, except as required by
law.