Golden Cariboo Private Placement Fully Subscribed

Executive Summary

• Golden Cariboo Resources Ltd. closed a second tranche of its private placement, raising $637,000 from the issuance of 12,740,000 units at $0.05 per unit.
• The total amount raised to date under the offering now stands at $948,500, with subscription agreements for an additional $600,000 received.
• Proceeds will be used for property exploration on the Quesnelle Gold Quartz Mine and general working capital; finder’s fees of $11,200 and 224,000 finder warrants were also issued.

Key Details

• Units sold: 12,740,000 units at $0.05 per unit → gross proceeds $637,000.
• Unit composition: each unit = one common share + one share purchase warrant.
• Warrant exercise schedule:
• Year 1 – $0.075
• Year 2 – $0.10
• Year 3 – $0.15
• Year 4 – $0.20
• Year 5 – $0.25
• Total funds raised to date: $948,500 (including first tranche).
• Additional subscriptions pending: agreements for a further $600,000 have been received.
• Insider participation: $110,000 contributed by an insider; qualifies as a related‑party transaction but is exempt from MI 61‑101 valuation/approval thresholds (<25% market cap).
• Use of proceeds: property exploration (Quesnelle Gold Quartz Mine) and general working capital.
• Finder’s compensation: $11,200 cash fee plus issuance of 224,000 finder warrants, in line with CSE policies.
• Holding period: all securities subject to a statutory four‑month and one‑day hold period.
• Regulatory notice: securities not registered under U.S. Securities Act; cannot be offered/sold in the United States absent exemption.

Notable Quotes

• “The proceeds of the Offering will be used for property exploration and for general working capital.” – J. Frank Callaghan, President & CEO.