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Canadian Gold Resources Announces Filing of New Life Financing Document; Will Also Conduct Separate Non-Brokered Placement of Flow-Through Units to Accredited Investors; Amendments to Corporate Presentation
Moncton, New Brunswick--(Newsfile Corp. - December 29, 2025) - Canadian Gold Resources Ltd. (TSXV...
About this update from Canadian Gold Resources Ltd.
[{"type":"text","content":"Canadian Gold Resources Announces Filing of New Life Financing Document; Will Also Conduct Separate Non-Brokered Placement of Flow-Through Units to Accredited Investors; Amendments to Corporate PresentationMoncton, New Brunswick--(Newsfile Corp. - December 29, 2025) - Canadian Gold Resources Ltd. (TSXV: CAN) (the \"Company\" or \"Canadian Gold\") announces that it has filed a listed issuer financing document for a non-brokered listed issuer financing (the \"LIFE Offering\"). Following consultations with the Autorité des Marchés Financier (the \"AMF\"), the Company has determined that the original LIFE financing announced on October 23, 2025 along with the amended LIFE financing announced on December 8, 2025 have expired under the provisions of Part 5A of National Instrument 45-106 and, as such, the offering documents filed in relation thereto are no longer valid.Under the LIFE Offering, the Company proposes to sell up to 7,000,000 units (\"NFT Units\") at a price of $0.15 per NFT Unit for proceeds of $1,050,000 and up to 4,200,000 flow-through units (\"FT Units\") at a price of $0.18 per FT Unit for proceeds of up to $756,000 for total gross proceeds of $1,806,000. 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 TSX 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 LIFE Offering complies with ...