Canagold Resources Ltd. Announces Closing of $4M Financing

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[{"type":"text","content":"Canagold Resources Ltd. Announces Closing of $4M Financing\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n Canagold Resources Ltd. (TSX: CCM, OTC-QB: CRCUF, Frankfurt: CANA) (the \"\n \n Company\n \n \" or \"\n \n Canagold\n \n \"), is pleased to announce it has closed a financing consisting of $2,000,000 raised from selling charity flow-through shares and $2,000,000 from regular common shares, for total gross proceeds of $4,000,000 (the\n \n “Offering\n \n ”). The Company issued 4,651,163 flow-through shares of the Company (each a “\n \n FT Share\n \n ”) that qualify as flow-through shares for the purposes of the\n \n Income Tax Act\n \n (Canada) at a price of $0.43 per FT Share and 5,128,205 regular common shares (each an “\n \n NFT Share\n \n ”) at a price of $0.39 per NFT Share. A total of 9,779,368 common shares were issued part of the Offering.\n \n\n The gross proceeds from the issuance of FT Shares will be used to incur \"Canadian exploration expenses\" as such term is defined under subsection 66.1(6) of the\n \n Income Tax Act\n \n (Canada) (the “\n \n Tax Act\n \n ”) and will qualify as \"flow-through mining expenditures\" as defined in subsection 127(9) of the Tax Act, and \"BC flow-through mining expenditures\" as defined in subsection 4.721(1) of the\n \n Income Tax Act\n \n (British Columbia) at the Company’s New Polaris project. The gross proceeds from the issuance of the NFT Shares will be used for working capital purposes.\n \n\n The Company received conditional approval from the Toronto Stock Exchange (the “\n \n TSX\n \n ”) for the Offering on August 7, 2025 and is currently seeking final approval.\n \n\n No finder‘s fees were paid in connection with the Offering. The FT Shares and the NFT Shares were issued on a private placement basis and are subject to a hold period of four months and one day following the closing date of the Offering, expiring on December 19, 2025.\n \n\n Under the Offering, Sun Valley Investments AG (“\n \n Sun Valley\n \n ”) purchased 1,860,465 FT Shares and 2,051,282 NFT Shares. Goldlogic Corp., an affiliate of Sun Valley, purchased 465,116 FT Shares and 512,821 NFT Shares. A third investor purchased the remaining FT Shares and NFT Shares. Prior to the closing...

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