Golden Cariboo Closes Private Placement

Core Viewpoint - Golden Cariboo Resources Ltd. has successfully closed the third and final tranche of a private placement, raising a total of $1,651,000 through the issuance of 33,020,000 shares, aimed at funding property exploration and general working capital [1][2]. Group 1: Private Placement Details - The third tranche raised $702,500 from the issuance of 14,050,000 units at a price of $0.05 per unit, with each unit consisting of one common share and one share purchase warrant [1]. - The total gross proceeds from all three tranches amount to $1,651,000, with a total of 33,020,000 shares issued [1]. - Finder's fees for the private placement totaled $81,200 and included 1,624,000 finder warrants across all tranches [2]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for property exploration and general working capital [2]. Group 3: Company Overview - Golden Cariboo Resources Ltd. is focused on the Quesnelle Gold Quartz Mine property, which is part of the historical Cariboo Gold Rush area, covering approximately 94,899 hectares (234,501 acres) [5]. - The Quesnelle Gold Quartz Mine property is located 4 kilometers (2.5 miles) northeast of Hixon, British Columbia, and features the Quesnelle Quartz gold-silver deposit, discovered in 1865 [6]. - The geological characteristics of the Quesnelle Gold Quartz Mine property show strong similarities to the Spanish Mountain gold deposit, which is recognized as a significant gold deposit type [6].