Golden Cariboo Resources Announces Warrant Repricing and Extension

Executive Summary

• Golden Cariboo Resources Ltd. intends to amend 1,666,668 warrants issued in a prior private placement, reducing the exercise price from $0.30 to $0.11.
• The amendment also extends the warrant expiry date to March 29 2027 (or earlier under specific market‑price conditions).
• Amendment is subject to consent of all warrant holders; if approved, further terms will be triggered based on share price performance.

Key Details

• Warrant Quantity: 1,666,668 warrants.
• Current Exercise Price: $0.30 per warrant.
• Proposed Exercise Price: $0.11 per warrant.
• Original Expiry Date: March 29 2026.
• Proposed Expiry Date: March 29 2027 (or earlier of that date).
• Consent Requirement: Repricing requires approval from all warrant holders.
• Conditional Extension Clause: If, for any 10 consecutive trading days, the closing price of the listed shares exceeds the amended exercise price by the private placement discount ($0.1467), the warrant term will be further amended to a 30‑day period, announced via press release, commencing 7 days after the end of the 10‑day window.
• Company Statement: The amendment is being pursued to align warrant terms with market conditions and to provide additional flexibility for investors.

Notable Quotes

• “We are seeking consent from our warrant holders to reprice these instruments in order to reflect current market realities and extend their useful life,” – J. Frank Callaghan, President & CEO.