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Canary Gold Announces Closing of Oversubscribed Non-Brokered Private Placement Engages ICP Securities For Automated Market Making Services
Vancouver, British Columbia – September 25, 2025 – TheNewswire - Canary Gold Corp. (CSE: BRAZ | Frankfurt: K5D) (“Canary Gold” or the “Company”) is pleased to a
About this update from Canary Gold Corp.
[{"type":"text","content":"Vancouver, British Columbia – September 25, 2025 – TheNewswire - Canary Gold Corp. (CSE: BRAZ | Frankfurt: K5D) (“Canary Gold” or the “Company”) is pleased to announce that it has closed its non-brokered private placement to raise gross proceeds of CAD$1,112,500 (the “Offering”), as previously announced on September 16, 2025. Due to increased demand, the Company increased the size of the Offering to $1,112,500. The Company issued 4,450,000 units at a price of $0.25 per unit for gross proceeds of $1,112,500. Each unit consisted of one common share and one transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the Company at a price of $0.35 for a period of three (3) years from the date of issuance. The warrants are subject to an acceleration provision whereby if the Company’s common shares on the CSE close at a minimum of $0.55 for ten (10) consecutive trading days, the Company may accelerate the expiry date of the warrants to a date that is 20 days following the issuance of a press release announcing such acceleration. The acceleration provision will become effective four months and one day after the date of issuance of the warrants. In connection with the Offering, the Company paid finder’s fees to certain finders, consisting of a cash fee of $62,510 and 250,040 common share purchase warrants (each a “Finder’s Warrant”). Each Finder’s Warrant entitles the holder to acquire one common share at a price of $0.35 per share for a period of three years from the date of issuance and are subject to the same acceleration provision as the subscribers’ warrants. The net proceeds of the Offering will be used to advance exploration at the Company’s Madeira River Project in Brazil and for general working capital purposes. All securities issued under the Offering are subject to a statutory hold period of four months and one day from the date of issuance. The Offering remains subject to CSE approval. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities of the Company have not been and will not be registered under the United States Securities Act of 19...