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Golden Cariboo Resources (CSE: GCC) Announces Two Non-Brokered Private Placement Offerings
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Highlights:
Golden Cariboo Resources Ltd. (CSE: GCC | OTC: GCCFF | FSE: 3TZ) has announced the launch of two non-brokered private placement offerings, aiming to raise a total of up to $2.69 million. The first offering, under the listed issuer financing exemption (LIFE), seeks a minimum of $1,300,000 to a maximum of $1,690,000, while the second offering, the Concurrent Private Placement, aims to raise up to $1,000,000.
Both offerings are priced at $0.13 per unit for the LIFE Offering and $0.10 per unit for the Concurrent Private Placement. Each unit in both offerings consists of one common share and one half of a share purchase warrant. Two half warrants combine to form one full warrant, which will be exercisable over three years, with tiered exercise prices of $0.15 in the first year, $0.18 in the second year, and $0.22 in the third year.
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