Canadian Gold Resources (CAN) Announces Sale of Flow Through Units under LIFE Offering and Non-Brokered Private Placement

Core Viewpoint - Canadian Gold Resources Ltd. has successfully raised a total of $2,016,297.90 through two offerings, enhancing its financial position for future exploration and development activities [1][2]. Group 1: Offering Details - The company sold 4,083,383 flow-through units at a price of $0.18 per unit under the LIFE Offering, generating gross proceeds of $735,008.94 [1]. - Additionally, 7,118,272 flow-through units were sold at the same price under a non-brokered private placement, resulting in gross proceeds of $1,281,288.96 [1]. - The total amount raised from both offerings is $2,016,297.90 [1]. Group 2: Finder's Fees and Warrants - In connection with the LIFE Offering, the company paid cash finder's fees of $58,800.72 and issued 326,671 Finder's Warrants [2]. - For the FT Placement Offering, cash finder's fees amounted to $102,503.11, with 569,461 Finder's Warrants issued [2]. - Each Finder's Warrant allows the holder to purchase one Common Share at a price of $0.18 for a period of 36 months, with specific conditions for acceleration of the term [3]. Group 3: Company Overview - Canadian Gold Resources Ltd. is a junior exploration company focused on advancing three high-grade gold properties totaling approximately 16,000 hectares in Québec's Gaspé Peninsula [6]. - The company's strategy aims to unlock the potential of historically explored assets through modern exploration and development, supported by a management team with a proven track record [6].