Canadian Gold Resources Engages in New Private Placement Offering

Canadian Gold Resources Announces Non-Brokered Private Placement

Canadian Gold Resources Ltd. (TSXV: CAN) is excited to unveil its plans for a non-brokered private placement, aimed at raising substantial funds for its high-grade gold projects. This offering consists of two types of units designed to attract investors eager to support the exploration and development of gold resources.

Details of the Private Placement Offering

The company is offering up to 7,500,000 flow-through units (referred to as "FT Units") priced at $0.30 each, potentially generating gross proceeds up to $2,250,000. Additionally, there will be up to 1,000,000 non-flow-through units (or "NFT Units") available at $0.25 each, expected to raise an extra $250,000.

Understanding FT and NFT Units

Each FT Unit comes with one flow-through share, allowing investors to participate in tax benefits, alongside one-half of a common share purchase warrant (an "FT Warrant"). This grants holders the right to purchase one common share at a price of $0.40 for a duration of 24 months.

On the other hand, each NFT Unit comprises one common share alongside one full common share purchase warrant (an "NFT Warrant"). The NFT Warrant gives investors the chance to acquire a common share at $0.35 within the same two-year period after the issuance.

Utilization of Funds Raised

Proceeds from this private placement are earmarked primarily for bulk sampling and exploration efforts at the Lac Arsenault property, and other gold projects within the Gaspé Gold Belt. This strategic funding will also support the company’s ongoing working capital needs.

Incentives for Participation

To incentivize participation in the Offering, Canadian Gold Resources may offer cash finder's fees and options to willing arm's length parties. It's a collaborative approach aimed at enhancing investor engagement while adhering to guidelines.

Securities Regulations and Approvals

All securities generated from this private placement will enter a hold period of four months and one day following issuance. The completion of the Offering relies on obtaining necessary regulatory approvals, including those from the TSX Venture Exchange.

Company Overview and Commitment

Canadian Gold Resources Ltd. is not just a mining company; it embodies an ethos of sustainable exploration. With a focus on under-explored and past-producing properties in the Gaspé Gold Belt, the company harnesses modern techniques to maximize exploration potential. The dedicated team is deeply committed to fostering community engagement while exploring avenues for growth in this historically rich area.

Contact Information

For more insights or inquiries regarding the private placement or the company’s future projects, stakeholders can reach out to:

Ronald Goguen
Chairman, President & CEO
Canadian Gold Resources Ltd.
Email: rongoguen@cdngold.com
Phone: 506-383-4274

Investor Relations
Caroline Sawamoto
Email: investors@cdngold.com

Frequently Asked Questions

What is the purpose of the private placement?

The private placement funds will support exploration and bulk sampling at various high-grade gold projects.

What types of units are being offered?

There are flow-through units (FT Units) and non-flow-through units (NFT Units) available for investors.

How long will the hold period last for the securities?

There will be a hold period of four months plus one day from the date of issuance for all securities issued.

Who can I contact for more information about the offering?

For detailed inquiries, contact Ronald Goguen, Chairman and CEO, orInvestor Relations representative Caroline Sawamoto.

Where can I find more about Canadian Gold Resources?

Visit their official website, www.cdngold.com, for more information and updates on the company.

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