Canagold Resources Announces Additional Financing Plans
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CANAGOLD RESOURCES ANNOUNCES ADDITIONAL FINANCING PLANS
Vancouver, B.C. – September 7, 2022 - Canagold Resources Ltd. (TSX: CCM, OTC-QB: CRCUF, Frankfurt:
CANA) (the “Company” or “Canagold”), wishes to confirm that to ensure the Company remains well
funded for the duration of its upcoming feasibility study, permitting and drilling at the New Polaris
project, additional financing plans are under consideration.
Canagold is currently evaluating various financing options to secure additional sources of capital,
including private placement, a rights offering and additional flow-through financing.
The additional financing plans would be undertaken following the conclusion of the $1.5M Charity FT
financing announced by the Company on September 1, 2022.
Furthermore, it is anticipated that Sun Valley, or an affiliate thereof, will participate in Canagold’s future
financing plans. Any future Sun Valley or affiliation participation will be consistent with, and subject to,
the requirements and policies of the TSX.
About Canagold
Canagold Resources Ltd. is a growth-oriented gold exploration company focused on advancing the New
Polaris Project through feasibility and permitting. Canagold is also seeking to grow its assets base
through future acquisitions of additional advanced projects. The Company has access to a team of
technical experts that can help unlock significant value for all Canagold shareholders.
“Catalin Kilofliski”
Catalin Kilofliski
Chief Executive Officer
For further information please contact:
Knox Henderson, VP Corporate Development
Tel: (604) 604-416-0337; Cell: (604) 551-2360
Toll Free: 1-877-684-9700
Email: [email protected]
Website: www.canagoldresources.com
Neither the T oronto Stock Exchange nor its Regulation Services Provider (as that term is defi ned in the
policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of the United States private securities
litigation reform act of 1995 and “forward-looking information” within the meaning of applicable Canadian
securities legislation. Statements contained in this news release that are not historical facts are forward-looking
information that involves known and unknown risks and uncertainties. Forward -looking statements in this news
release include, but are not limited to, statements with respect t o the future performance of Canagold, and the
Company's plans and exploration programs for its mineral properties, including the timing of such plans and
programs. In certain cases, forward-looking statements can be identified by the use of words such as " plans", "has
proven", "expects" or "does not expect", "is expected", "potential", "appears", "budget", "scheduled", "estimates",
"forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be
taken", "occur" or "be achieved".
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the Company to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors
include, among others risks related to the uncertainties inherent in the estimation of mineral resources; commodity
prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability
to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in
mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or
processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in
obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes
or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the
Company has attempted to identify important factors that could affect the Company and may cause actual actions,
events or results to differ materially from those described in forward-looking statements, there may be other
factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no
assurance that forward-looking statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. According ly, do not place undue reliance on forward-
looking statements. All statements are made as of the date of this news release and the Company is under no
obligation to update or alter any forward-looking statements except as required under applicable securiti es laws.