Canagold Resources Ltd. Announces Closing of $9.2M Financing

Core Viewpoint - Canagold Resources Ltd. has successfully closed an offering that raised a total of $9,228,456.50 through the issuance of common shares and flow-through shares, aimed at funding working capital and project development expenses [1][2]. Group 1: Offering Details - The offering consisted of 9,396,570 common shares priced at $0.45 each and 10,000,000 flow-through shares priced at $0.50 each [1]. - The net proceeds from the common shares will be allocated for working capital, administrative expenses, and project development, while the proceeds from the flow-through shares will be used for Canadian exploration expenses at the New Polaris project [2]. Group 2: Shareholder Information - Sun Valley Investments AG purchased 5,000,000 flow-through shares and 4,698,285 common shares, increasing its ownership from 48.07% to 48.25% of the total issued and outstanding common shares of the company [4]. - The offering is classified as a "related party transaction" due to Sun Valley being an insider, and the company is relying on exemptions from certain requirements under Multilateral Instrument 61-101 [5]. Group 3: Regulatory Approval - The Toronto Stock Exchange granted conditional approval for the offering on January 22, 2026, and the company is currently seeking final approval [3]. - The shares issued are subject to a hold period of four months and one day, expiring on June 14, 2026 [3]. Group 4: Company Overview - Canagold Resources Ltd. is focused on advancing the New Polaris Project through feasibility and permitting, while also seeking to expand its asset base through future acquisitions [6].