Golden Cariboo Resources closes tranche one private placement
Key facts
- C$711K PP
- C$0.08/unit
- +1 wt @ C$0.12 / 60mo
- Jun 15 close
        June 1 5 , 2026 – TheNewswire - Vancouver, B.C., Canada – Golden Cariboo Resources Ltd. (the “Company”) (CSE:GCC) (OTC:GCCFF) (WKN:A402CQ) (FSE:3TZ) has closed tranche one of the non-brokered private placement announced June 17, 2026.   The Company has raised gross proceeds of $710,800 through the issue of 8,885,000 units at a price of $0.08 per unit.  Each unit consists of one common share and one share purchase warrant.  Each warrant is exercisable for a period of five years from the closing date at exercise prices as follows: $0.12 in year one, $0.15 in year two, $0.18 in year three, $0.21 in year four or $0.25 in year five. The private placement remains open.     All securities from the Private Placement will be subject to a four month and a day hold period. In connection with the private placement, certain eligible persons (“ Finders ”) will be paid commissions in accordance with the policies of the CSE.
Commission for tranche one are $9,984 and 124,800 finder warrants exercisable for a period of five years from the closing date at exercise prices as follows: $0.12 in year one, $0.15 in year two, $0.18 in year three, $0.21 in year four or $0.25 in year five. The proceeds from the private placement will be used for general working capital and continued property exploration.   Insider participation of $330,000 in this tranche constitutes a “related party transaction” as defined under Multilateral Instrument 61-101  Protection of Minority Security Holders in Special Transactions  (“ MI 61-10 1”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the Units acquired by the insider, nor the consideration for the units paid by such insider, exceed 25% of the Company’s market capitalization.   The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”), or any of the securities laws of any state of the United States, and may not be offered or sold within the United States or for the account or benefit of U.S. persons or persons in the United States except pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
This news release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities within the United States or to, or for the account or benefit of, U.S. persons or persons in the United States. “United States” and “U.S. person” have the meanings ascribed to them in Regulation S under the U.S. Securities Act .   About Golden Cariboo Resources Ltd.   Golden Cariboo Resources Ltd. is rediscovering the Cariboo Gold Rush by proceeding with highly targeted drilling and trenching programs on its Quesnelle Gold Quartz Mine property which is bordered by Osisko Development (NSE:ODV/TSXV:ODV), partly intertwined with them at the north end of the Cariboo Gold Project, and located along a favourable corridor adjacent to the Spanish and Eureka thrust faults over a 94,899 hectare (234,501 acre) area. Historically, over 101 placer gold creeks on the 90-kilometer (56 mile) trend, from the Cariboo Hudson mine north to the Quesnelle Gold Quartz Mine property, have recorded production with successful placer mining continuing to this day.   Golden Cariboo’s Quesnelle Gold Quartz Mine property is 4 kilometers (2.5 miles) 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 and developed over a footprint of about 150m x 150m (< 6 acres) at the Main zone straddling Hixon Creek.