Golden Cariboo Resources announces on a post consolidation basis a non-brokered private placement of up to 20,000,000 units, at a price of $0.10 per unit, for gross proceeds of $2,000,000. Each unit will consist of one common share and one-half share purchase warrant; each full warrant is exercisable for a period of 5 years from the closing at exercise prices as follows: $0.12 in year one, $0.14 in year two, $0.16 in year
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