Golden Cariboo closes $311,500 1st tranche of financing

Executive Summary

• Golden Cariboo Resources closed the first tranche of its private placement, raising $311,500 from the issuance of 6.23 million units at $0.05 per unit.
• Each unit includes one common share and one warrant; warrants have a stepped exercise price schedule over five years (7.5¢–25¢).
• Proceeds will be used for property exploration and general working capital; finders’ fees of $23,600 and 472,000 finder warrants were also issued.

Key Details

• Subscription Agreements: Received commitments totaling $1,050,500 for the overall private placement announced on Sept. 16 2025.
• First Tranche Close: $311,500 raised from 6.23 million units at $0.05 per unit.
• Unit Composition: 1 common share + 1 share purchase warrant per unit.
• Warrant Terms: Exercisable over five years with prices of 7.5¢ (Year 1), 10¢ (Year 2), 15¢ (Year 3), 20¢ (Year 4), and 25¢ (Year 5).
• Use of Proceeds: Dedicated to property exploration activities and general working capital needs.
• Statutory Hold Period: All securities subject to a four‑month‑and‑one‑day hold period under Canadian Securities Exchange rules.
• Finder Compensation: $23,600 in cash fees plus issuance of 472,000 finder warrants associated with the first tranche.

Notable Quotes

(No executive quotes were provided in the release.)