Golden Cariboo arranges offering for up to $700,000

Executive Summary

• Golden Cariboo Resources Ltd. has arranged a non-brokered private placement offering units for gross proceeds of up to $700,000.
• The offering consists of up to 8.75 million units priced at $0.08 per unit, with proceeds designated for general working capital and continued property exploration.
• Each unit includes one common share and one share purchase warrant, with a tiered exercise price structure over five years and a four-month hold period.

Key Details

• Gross Proceeds: Up to $700,000.
• Unit Price: $0.08 per unit.
• Quantity: Up to 8.75 million units.
• Unit Composition: Each unit consists of one common share and one share purchase warrant.
• Warrant Terms:
  • Exercisability: Five years from the closing date.
  • Exercise Prices:
    • Year 1: $0.12
    • Year 2: $0.17
    • Year 3: $0.22
    • Year 4: $0.27
    • Year 5: $0.30
• Hold Period: All securities are subject to a four-month hold period.
• Use of Proceeds: General working capital and continued property exploration.
• Commissions: Eligible persons may be paid commissions in accordance with Canadian Securities Exchange policies.

Notable Quotes

• None provided in the text.