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Golden Cariboo Resources ( (TSE:GCC) ) has provided an update.
Golden Cariboo Resources plans to close an oversubscribed non-brokered private placement for gross proceeds of $871,000, issuing units consisting of one common share and one warrant with escalating exercise prices over five years. The funds will be allocated to general working capital and continued exploration at its Quesnelle Gold Quartz Mine property, underscoring investor interest in the company’s Cariboo-focused gold exploration strategy and supporting its efforts to advance a project in a region with significant historic and ongoing gold production.
More about Golden Cariboo Resources
Golden Cariboo Resources Ltd. is a Canadian mineral exploration company focused on gold, advancing its Quesnelle Gold Quartz Mine property in central British Columbia. The project sits along a historically productive 90-kilometre placer gold trend near Hixon and shares a geological setting with major sediment-hosted vein deposits such as Spanish Mountain, positioning the company within a prolific gold-bearing corridor.
Average Trading Volume: 388,103
Technical Sentiment Signal: Sell
Current Market Cap: C$12.09M
Find detailed analytics on GCC stock on TipRanks’ Stock Analysis page.