Business
Canadian Gold Resources Announces Amended Non-brokered $2.9 Million LIFE Financing
Moncton, New Brunswick--(Newsfile Corp. - December 8, 2025) - Canadian Gold Resources Ltd. (TSXV:...
About this update from Canadian Gold Resources Ltd.
[{"type":"text","content":"Canadian Gold Resources Announces Amended Non-brokered $2.9 Million LIFE FinancingMoncton, New Brunswick--(Newsfile Corp. - December 8, 2025) - Canadian Gold Resources Ltd. (TSXV: CAN) (the \"Company\" or \"Canadian Gold\") announces that, further to its press releases dated October 23 and November 14, 2025, it will be conducting an amended non-brokered listed issuer financing exemption (\"LIFE\") private placement financing (the \"Offering\") through the sale of up to 12,666,667 units (\"NFT Units\") at a price of $0.15 per NFT Unit and up to 5,555,556 flow-through units (\"FT Units\") at a price of $0.18 per FT Unit for total gross proceeds of $2.9 million. The Company has engaged Research Capital Corporation (the \"Finder\") as exclusive finder and sole booker runner to assist with the Offering.The Offering may close in tranches with a final tranche closing (if required) expected on or before December 31, 2025 (the \"Final Closing Date\") and will be subject to regulatory approvals and customary closing conditions including listing of the Common Shares on the TSX Venture Exchange.Each NFT Unit will be comprised of one (1) common share (a \"Common Share\") and one (1) Common Share purchase warrant of Canadian Gold (each a \"Warrant\"). Each FT Unit will be comprised of one (1) flow-though common share (an \"FT Share\") and one half (1/2) of a Warrant.The Warrant terms are as follows: commencing on the 62nd day after issuance, each whole Warrant will entitle the holder to acquire one Common Share of the Company at a price of C$0.22 per Common Share for a period of 36 months from the date of issuance, provided, however, that should the closing price at which the Common Shares trade on the Toronto Venture Exchange (the \"TSXV\") (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed $0.45 for ten (10) consecutive trading days at any time, the Company may accelerate the Warrant term (the \"Reduced Warrant Term\") such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term. The restrictive exercise period on the Warrants has been imposed to ensure that the Offering complies with certain dilution restrictions under the LIFE exemption.Upon closing of the Offering, the Common ...