Business
Canagold Resources Announces Additional Financing Plans
VANCOUVER, British Columbia / Sep 07, 2022 / Business Wire / Canagold Resources Ltd. (TSX: CCM, OTC-QB: CRCUF, Frankfurt: CANA) (the “Company” or “Canagold”), w
About this update from Canagold Resources Ltd
[{"type":"text","content":"VANCOUVER, British Columbia / Sep 07, 2022 / Business Wire / Canagold Resources Ltd. (TSX: CCM, OTC-QB: CRCUF, Frankfurt: CANA) (the “Company” or “Canagold”), wishes to confirm that to ensure the Company remains well funded for the duration of its upcoming feasibility study, permitting and drilling at the New Polaris project, additional financing plans are under consideration. Canagold is currently evaluating various financing options to secure additional sources of capital, including private placement, a rights offering and additional flow-through financing. The additional financing plans would be undertaken following the conclusion of the $1.5M Charity FT financing announced by the Company on September 1, 2022. Furthermore, it is anticipated that Sun Valley, or an affiliate thereof, will participate in Canagold’s future financing plans. Any future Sun Valley or affiliation participation will be consistent with, and subject to, the requirements and policies of the TSX. About Canagold Canagold Resources Ltd. is a growth-oriented gold exploration company focused on advancing the New Polaris Project through feasibility and permitting. Canagold is also seeking to grow its assets base through future acquisitions of additional advanced projects. The Company has access to a team of technical experts that can help unlock significant value for all Canagold shareholders. “Catalin Kilofliski” Catalin Kilofliski Chief Executive Officer Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements This news release contains “forward-looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the future performance of Canagold, and the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs...