Golden Cariboo Resources Closes Second Tranche of Private Placement, Raises $637,000
Vancouver, B.C. — November 7, 2025 — Leads & Copy — Golden Cariboo Resources Ltd. (CSE:GCC | OTC:GCCFF | WKN:A402CQ | FSE:3TZ) has completed a second tranche of financing, raising $637,000 through the issuance of 12,740,000 units at $0.05 per unit.
Each unit consists of one common share and one share purchase warrant. The warrants can be exercised for five years from the closing date at prices of $0.075 in year one, $0.10 in year two, $0.15 in year three, $0.20 in year four, and $0.25 in year five.
The second tranche brings the total raised in the private placement to $948,500. The company has also received subscription agreements for an additional $600,000.
According to the company, insider participation in this tranche totaled $110,000, which constitutes a “related party transaction” under Multilateral Instrument 61-101. However, this participation is exempt from formal valuation and minority shareholder approval because the fair market value of the units acquired by the insider and the consideration paid do not exceed 25% of the company’s market capitalization.
Golden Cariboo intends to use the proceeds from the offering for property exploration and general working capital. All securities issued are subject to a statutory four-month hold period.
Finder’s fees of $11,200 and 224,000 finder warrants will be paid in connection with the second tranche, following the policies of the Canadian Securities Exchange (CSE).
The company has not registered any of the securities sold under the offering under the United States Securities Act of 1933 and will not register them in the future. As a result, these securities cannot be offered or sold in the United States without registration or an applicable exemption from registration requirements. The release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or any jurisdiction in which such an offer, solicitation, or sale would be unlawful.
Golden Cariboo Resources Ltd. aims to rediscover the Cariboo Gold Rush. It plans to conduct drilling and trenching programs on its Quesnelle Gold Quartz Mine property. The property is near Osisko Development (NSE:ODV/TSXV:ODV) and located along a corridor adjacent to the Spanish and Eureka thrust faults, covering 94,899 hectares. Historical records show that over 101 placer gold creeks along the 90-kilometer trend have recorded production, with placer mining ongoing.
The Quesnelle Gold Quartz Mine property is located four kilometers northeast of Hixon, British Columbia, and includes the Quesnelle Quartz gold-silver deposit, discovered in 1865. The geological setting is similar to the Spanish Mountain gold deposit, situated 120 km southeast along the same trend, which belongs to the epizonal orogenic subclass of gold deposits.
J. Frank Callaghan, President & CEO of Golden Cariboo Resources Ltd. can be contacted at 604-669-6463.
Source: Golden Cariboo Resources Ltd.
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