Golden Cariboo Closes First Tranche of Private Placement

Core Viewpoint - Golden Cariboo Resources Ltd. has successfully closed a first tranche of a private placement, raising $311,500 from the issuance of 6,230,000 units at $0.05 per unit, with a total subscription of $1,050,500 reported [1][2]. Financing Details - The proceeds from the offering will be allocated for property exploration and general working capital [2]. - Each unit consists of one common share and one share purchase warrant, with exercise prices set at $0.075, $0.10, $0.15, $0.20, and $0.25 over the next five years [1]. - Finder's fees amounting to $23,600 and 472,000 finder warrants will be paid in connection with the first tranche [2]. Company Overview - Golden Cariboo Resources Ltd. is focused on exploring the Quesnelle Gold Quartz Mine property, which is part of the historical Cariboo Gold Rush area [4]. - The property spans 94,899 hectares (234,501 acres) and is located near significant geological features, including the Spanish and Eureka thrust faults [4]. - The Quesnelle Quartz gold-silver deposit has a historical footprint of approximately 150m x 150m (< 6 acres) and shows geological similarities to other major deposits [5].