Further to the news release of Nov. 6, 2012, Golden Cariboo Resources Ltd. has completed a private placement financing of six million units at a price of 25 cents per unit for total proceeds of $1.5-million. Each unit consists of one common share in the equity of Golden Cariboo and one-half of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of 35 cents per share for a period of one year from closing of the financing. Proceeds of the financing will be used for general working capital purposes. Finders' fees in the amount of $32,650 were paid in connection with the financing.
All securities issued in connection with the financing will be subject to a four-month statutory hold period from the date of closing, in accordance with applicable securities legislation. Closing of the financing is subject to TSX Venture Exchange acceptance