Canagold closes $7.1 million private placement at $0.47-$0.52 a share
Bitget2026/09/22 21:21- Canagold closed a private placement raising $7.1 million from 5,319,149 common shares at $0.47, 8,846,154 flow-through shares at $0.52.
- Common-share proceeds earmarked for working capital, administrative costs, project development expenses.
- Flow-through proceeds to fund Canadian exploration expenses at the New Polaris project.
- Sun Valley Investments bought 6,413,462 flow-through shares, 3,856,383 common shares; stake rose to 49.75% from 48.25%.
- Shares issued on an unregistered private placement basis; securities subject to a hold expiring Jan. 19, 2027.
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