Canagold Resources Announces Additional Financing Plans

24 de nov. de 2022

Vancouver, B.C. – September 7, 2022 - 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 KilofliskiChief Executive Officer


Disclaimer


The information contained or referenced herein is for information purposes only in order to provide the views of Sun Valley and the matters which Sun Valley believes to be of concern to shareholders described herein. The information is not tailored to specific investment objectives, the financial situations, suitability, or particular need of any specific person(s) who may receive the information, and should not be taken as advice in considering the merits of any investment decision. The views expressed herein represent the views and opinions of Sun Valley, whose opinions may change at any time and which are based on analyses of Sun Valley and its advisors.


Contacts

Sun Valley

Daniel Henao

Partner / VP Business Development

Phone: 604-260-7046

Email: dhenao@sunvalleyinv.com