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Canadian Gold Resources Announces Sale of Flow Through Units under LIFE Offering and Non-Brokered Private Placement
Dieppe, New Brunswick--(Newsfile Corp. - January 2, 2026) - Further to its news release of December 29, 2024, Canadian Gold Resources Ltd. (TSXV: CAN) ("Canadia
About this update from Canadian Gold Resources Ltd.
[{"type":"text","content":" Dieppe, New Brunswick--(Newsfile Corp. - January 2, 2026) - Further to its news release of December 29, 2024, Canadian Gold Resources Ltd. (TSXV: CAN) (\"Canadian Gold\" or the \"Company\") is very pleased to announce, that effective December 31, 2025, it has: (a) sold 4,083,383 flow-through units at a price of $0.18 per unit under its recently announced listed issuer financing exemption offering (the \"LIFE Offering\") for gross proceeds of $735,008.94; and (b) sold 7,118,272 flow-through units at a price of $0.18 per unit under a separate non-brokered private placement of flow-through units (the \"FT Placement Offering\") for gross proceeds of $1,281,288.96. The Company has raised a total of $2,016,297.90 between the two offerings. Terms and characteristics of the flow-through units issued under each offering is described in detail in the Company's news release of December 29, 2025. In connection with the LIFE Offering, the Company has paid $58,800.72 cash finder's fees and issued 326,671 finder's warrants (each a \"Finder's Warrant\") to eligible arm's length parties. In connection with the FT Placement Offering, the Company has paid $102,503.11 cash finder's fees and issued 569,461 Finder's Warrants to eligible arm's length parties. Each Finder's Warrant entitles the holder thereof to purchase one Common Share at a price of $0.18 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 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 following the date that is four months and one day after the date of issuance, the Company may accelerate the Finder's Warrant term (the \"Reduced Warrant Term\") such that the Finder's 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 Finder's Warrants are subject to a hold period of four months and one day after the date of issuance. Closing of the LIFE Offering and the FT Placement Offering is subject to final acceptance by the TSX Venture Exchange. For more information, visit www.cdngold.com. About Canadian Gold Resource Ltd. Canadian Gold Resources Ltd. (TSXV: CAN) is a j...