Golden Cariboo Resources Closes Second Tranche of Private Placement

An announcement from Golden Cariboo Resources ( (TSE:GCC) ) is now available.

Golden Cariboo Resources Ltd. has successfully closed the second tranche of a non-brokered private placement, raising $438,652.50 through the issuance of 3,374,250 units. The funds will be directed towards property exploration and general working capital, with securities subject to a statutory hold period. This financial move is expected to bolster the company’s exploration efforts and enhance its market position within the gold mining industry.

More about Golden Cariboo Resources

Golden Cariboo Resources Ltd. is engaged in rediscovering the Cariboo Gold Rush through high-grade drilling and trenching programs at its Quesnelle Gold Quartz Mine Project in British Columbia. The company focuses on gold exploration, leveraging historical placer mining activities along a 90 km trend from the Cariboo Hudson mine to the Quesnelle Gold Quartz mine.

YTD Price Performance: -7.00%

Average Trading Volume: 27,802

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $6.05M

See more data about GCC stock on TipRanks’ Stock Analysis page.