Directors of Canadian Gold Resources to Participate in Non-Brokered Private Placement
Directors of Canadian Gold Resources to
Participate in Non-Brokered Private Placement
Dieppe, New Brunswick--(Newsfile Corp. - September 1, 2026) - Canadian Gold Resources Ltd.
(TSXV: CAN) ("Canadian Gold" or the "Company") announces that it intends to complete a non-
brokered private placement of up to 1,666,667 common shares at a price of $0.06 per share for gross
proceeds of approximately $100,000. The common shares will be issued to two directors of the
Company, each of whom is an accredited investor.
The Company intends to use the proceeds for general working capital purposes.
The subscriptions by the directors will constitute a "related party transaction" as defined under
Multilateral Instrument 61-101
Protection of Minority Security Holders in Special Transactions
("MI 61-
101"). The Company expects such participation will be exempt from the formal valuation and minority
shareholder approval requirements of MI 61-101 as the fair market value of the securities subscribed for,
nor the consideration paid, will exceed 25% of the Company's market capitalization.
All securities issued pursuant to this placement are subject to a statutory hold period of four (4) months
and a day from the date of issuance. The placement is also subject to customary closing conditions,
including, but not limited to, the receipt of all necessary approvals including the acceptance of the TSX
Venture Exchange.
None of the securities sold to be sold in connection with this placement have been or will be registered
under the United States Securities Act of 1933, as amended, and no such securities were offered or
sold in the United States absent registration or an applicable exemption from the registration
requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful.
About Canadian Gold Resources Ltd.
The Company is a junior exploration issuer advancing three high-grade gold properties totaling
approximately 18,000 hectares in Québec's Gaspé Peninsula. The Company's strategy is to unlock the
potential of historically explored assets through modern exploration and development, supported by a
management team with a proven track record in discovery and project advancement.
For further information, please contact:
Ken Chernin
Interim President & Chief Executive Officer
Canadian Gold Resources Ltd.
+1 (416) 846 - 7373
Investor Relations
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Canadian Gold trades on the TSX Venture Exchange under the ticker CAN and has 54,868,876
common shares outstanding.
Forward-Looking Statements Disclaimer
:
This news release contains "forward-looking statements," including but not limited to statements
regarding the Company's strategic objectives and anticipated growth. Forward-looking statements are
based on current expectations and assumptions that are subject to risks and uncertainties that may
cause actual results to differ materially. Readers are cautioned not to place undue reliance on these
statements. The Company disclaims any obligation to update or revise any forward-looking information,
except as required by applicable securities laws.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF
AMERICA OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF
AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR
THE DISTRICT OF COLUMBIA
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https://www.newsfilecorp.com/release/312465