Golden Cariboo Resources Ltd. announced a pots consolidation of non brokered private placement to issue 20,000,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 2,000,000 on January 22, 2024. Each unit consists of one common share and one half of one common share purchase warrant. Each full warrant is exercisable for a period for 5 years from the date of closing at exercise price of CAD 0.12 in year 1, CAD 0.14 in year 2, CAD 0.16 in year 3, CAD 0.18 in year 4 and CAD 0.20 in year 5. The financing is subject to Canadian Securities Exchange approval and all the securities are subject to a four month hold period.

The company may pay finder's fees in connection with the financing. The units will be subject to a statuary hold period of four months from the date of issuance.