Goldcana Resources Plans to Raise up to CA$1 Million Via Non-Brokered Private Placement

07:13 AM EDT, 10/19/2026 (MT Newswires) -- Goldcana Resources (GC.CN) plans to complete a non-brokered flow-through private placement for raising gross proceeds of up to CA$1 million, it said after markets closed Friday. The private placement, which is subject to final acceptance of the Canadian Securities Exchange, will include up to 2 million flow-through shares in the capital of the company at a price of CA$0.50 each, said the company. The company will use the gross proceeds for exploration expenditures on the La Sarre property, it added. The company had received Canadian Securities Exchange acceptance for its option to acquire up to a 100% interest in the La Sarre Gold Project in the Abitibi Greenstone Belt of Quebec, added Goldcana.