CanaGold Resources Ltd. , is pleased to announce it has entered into a groundbreaking collaborative engagement agreement with the Taku River Tlingit First Nation to enshrine its commitment to the spirit of reconciliation and sustainability in economic development in respect of the Company's New Polaris project situated in the traditional territory of the TRTFN approximately 100 kilometres south of Atlin, B.C. The [...]
CanaGold Resources Ltd. is pleased to report its Initial Project Description and Engagement Plan submission to the B.C. Environmental Assessment Office on behalf of the New Polaris Project , located in northwest British Columbia, Canada. The Company's IPD submission formally initiates the Early Engagement phase of the provincial assessment process. The IPD provides an overview and detailed description of the Company's [...]
CanaGold Resources Ltd. is pleased to announce its high-grade gold assay results for 21 drill holes from the recently completed 9,000-metre drill program which has confirmed the high-grade and near-surface gold potential of the Y-Vein System at New Polaris. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230206005212/en/ New Polaris Deposit Overview Highlights [...]
CanaGold Resources Ltd. , is pleased to announce it has signed an agreement with the Taku River Tlingit First Nation in respect of development of the Company's New Polaris project located within the traditional territory of the TRTFN located approximately 100 kilometres south of Atlin, B.C. The Hà Khustìyxh/"Our Way" agreement establishes the framework for a cooperative and mutually respectful working relationship between [...]
CanaGold Resources Ltd. , is pleased to announce the Company has closed its previously announced rights offering which expired on December 9, 2022 . At closing, Canagold issued 25,277,221 common shares of the Company to rightsholders at a price of $0.175 per Share for total gross proceeds of $4,423,514 and an additional 20,352,577 Shares to Sun Valley Investments AG pursuant to Canagold's Rights Offering Standby Guaranty [...]
CanaGold Resources Ltd. announces that it has filed a rights offering circular and a rights offering notice with respect to Canagold's offering of rights to holders of common shares of record as of the close of market on November 10, 2022 . Pursuant to the Rights Offering, holders of Common Shares on the Record Date will receive one right for each one Common Share held. Each two Rights will entitle the holder to subscribe [...]
CanaGold Resources Ltd. , is pleased to announce additional financing plans in order to complete the feasibility study on the New Polaris project, advance the permitting process, meaningfully engage with the Company's stakeholders and fulfill Canagold's strategic plan for 2023. After careful consideration of various financing alternatives, the Company believes that a right offering extended to all existing shareholders [...]
CanaGold Resources Ltd. announces high-grade gold assay results from the first four drill holes of 20 completed as part of an 8,000-metre drill program targeting the Y-veins at New Polaris. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221027005415/en/ The 8,000 metres of drilling currently underway for 2022 primarily targets the shallow high-grade Y-vein [...]
CanaGold Resources Ltd. wishes to announce that at its Special General Meeting of shareholders held on October 17, 2022, the resolution to create a new control person of the Company was approved by disinterested shareholders. At the SGM, a total of 17,387,730 common shares were voted, representing 20.09% of the Company's issued and outstanding common shares as at the record date of June 6, 2022. The results of the SGM [...]
CanaGold Resources Ltd. , is pleased to announce it has retained Ausenco Engineering Canada Inc. to complete a feasibility study on the Company's New Polaris project located in Northwestern B.C. "I'm delighted to announce Canagold's selection of Ausenco to undertake the feasibility study at New Polaris," said Catalin Kilofliski, CEO of Canagold. "We're very pleased with our progress on this project to date and I'm [...]
CanaGold Resources Ltd. , 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 [...]
CanaGold Resources Ltd. , is pleased to announce it has arranged up to $4 million in debt and equity financing to fund the Company's drilling activities for the remainder of 2022. Specifically, Canagold has arranged a $1.5M charity flow-through financing that will be priced at a premium to the current market price and determined in the context of the market upon completion of the Charity FT. In addition to the Charity FT [...]