Golden Cariboo Resources Closes First Tranche of Private Placement

Golden Cariboo Resources ( (TSE:GCC) ) has shared an update.

Golden Cariboo Resources Ltd. has successfully closed the first tranche of a non-brokered private placement, raising $773,915 through the issuance of 5,953,191 units at $0.13 per unit. The proceeds will be directed towards property exploration and general working capital, with the securities subject to a hold period in accordance with Canadian Securities Exchange policies. This financial move is expected to support the company’s exploration initiatives, enhancing its position in the mineral exploration industry.

More about Golden Cariboo Resources

Golden Cariboo Resources Ltd. is focused on rediscovering the Cariboo Gold Rush through high-grade drilling and trenching programs at its Quesnelle Gold Quartz Mine Project in British Columbia. The company targets mineral exploration, particularly gold, leveraging historical placer mining successes in the region.

YTD Price Performance: -13.46%

Average Trading Volume: 33,186

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $4.37M

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