Canadian Gold Corp. Closes Final Tranche of Financing
Canadian Gold Corp (TSXV: CGC) has successfully completed its private placement offering with total oversubscribed proceeds of $775,089. The financing was completed in two tranches: a first tranche of $500,000 through the issuance of 2,631,579 flow-through shares at $0.19 per share on December 13, 2024, and a second tranche of $275,089 through 1,447,837 flow-through shares at the same price. In total, 4,079,416 shares were issued, with $27,005.33 paid in finders fees. The proceeds will be allocated to Canadian exploration projects, qualifying as Canadian Exploration Expenditures (CEE). All issued securities are subject to a four-month hold period.
Canadian Gold Corp (TSXV: CGC) ha completato con successo la sua offerta di collocamento privato con un totale di introiti sovrascritti di $775,089. Il finanziamento è stato completato in due tranche: una prima tranche di $500,000 mediante l'emissione di 2,631,579 azioni flow-through a $0.19 per azione il 13 dicembre 2024, e una seconda tranche di $275,089 attraverso 1,447,837 azioni flow-through allo stesso prezzo. In totale, sono state emesse 4,079,416 azioni, con $27,005.33 pagati in commissioni ai procacciatori. I proventi saranno destinati a progetti di esplorazione in Canada, qualificandosi come Spese di Esplorazione in Canada (CEE). Tutti i titoli emessi sono soggetti a un periodo di blocco di quattro mesi.
Canadian Gold Corp (TSXV: CGC) ha completado con éxito su oferta de colocación privada con un total de ingresos sobre suscritos de $775,089. El financiamiento se llevó a cabo en dos tramos: un primer tramo de $500,000 a través de la emisión de 2,631,579 acciones flow-through a $0.19 por acción el 13 de diciembre de 2024, y un segundo tramo de $275,089 mediante 1,447,837 acciones flow-through al mismo precio. En total, se emitieron 4,079,416 acciones, con un pago de $27,005.33 en comisiones para intermediarios. Los ingresos se destinarán a proyectos de exploración en Canadá, calificando como Gastos de Exploración en Canadá (CEE). Todos los valores emitidos están sujetos a un período de bloqueo de cuatro meses.
캐나다 골드 코퍼레이션 (TSXV: CGC)는 총 $775,089의 지나치게 구독된 수익으로 사모 배치 제안을 성공적으로 완료했습니다. 자금 조달은 두 번에 걸쳐 이루어졌습니다: 첫 번째 tranche는 2,631,579 개의 플로우 쓰루 주식을 주당 $0.19에 발행하여 $500,000을 모금했으며, 두 번째 tranche에서 동일한 가격으로 1,447,837 개의 플로우 쓰루 주식을 통해 $275,089을 모금했습니다. 총 4,079,416 개의 주식이 발행되었으며, 중개 수수료로 $27,005.33이 지급되었습니다. 수익금은 캐나다 탐사 프로젝트에 배정되며, 캐나다 탐사 비용(CEE)으로 인정받습니다. 발행된 모든 유가는 4개월의 보유 기간에 적용됩니다.
Canadian Gold Corp (TSXV: CGC) a réussi à compléter son offre de placement privé avec un total de produits sursouscrits de $775,089. Le financement a été réalisé en deux tranches : une première tranche de 500 000 $ par l'émission de 2 631 579 actions flow-through au prix de 0,19 $ par action le 13 décembre 2024, et une seconde tranche de 275 089 $ par l'émission de 1 447 837 actions flow-through au même prix. Au total, 4 079 416 actions ont été émises, avec 27 005,33 $ versés en frais de courtage. Les produits seront attribués à des projets d'exploration au Canada, qualifiés comme Dépenses d'Exploration au Canada (CEE). Tous les titres émis sont soumis à une période de blocage de quatre mois.
Canadian Gold Corp (TSXV: CGC) hat erfolgreich sein Private Placement-Angebot mit einem insgesamt überzeichneten Erlös von $775,089 abgeschlossen. Die Finanzierung wurde in zwei Tranchen durchgeführt: eine erste Tranche über 500.000 $ durch die Ausgabe von 2.631.579 Flow-Through-Aktien zu je 0,19 $ pro Aktie am 13. Dezember 2024 und eine zweite Tranche über 275.089 $ durch 1.447.837 Flow-Through-Aktien zum gleichen Preis. Insgesamt wurden 4.079.416 Aktien ausgegeben, wobei 27.005,33 $ in Finder-Gebühren gezahlt wurden. Die Erlöse werden Projekten zur Exploration in Kanada zugewiesen, die als Canadian Exploration Expenditures (CEE) qualifizieren. Alle ausgegebenen Wertpapiere unterliegen einer Sperrfrist von vier Monaten.
- Oversubscribed financing secured $775,089 in total proceeds
- Successfully completed both tranches of private placement
- Funds earmarked for Canadian exploration projects
- Share dilution through issuance of 4,079,416 new shares
- Additional costs of $27,005.33 in finders fees
Toronto, Ontario--(Newsfile Corp. - December 24, 2024) - Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") announces the completion of the final tranche closing of its private placement offering, resulting in aggregate oversubscribed proceeds of
On December 13, 2024, the Company announced the first tranche closing of
Together, 4,079,416 shares were issued for aggregate gross proceeds of
The proceeds from the issuance of flow through shares shall be incurred on the Company's Canadian exploration projects, qualifying as Canadian Exploration Expenditures (CEE).
For Further Information, Please Contact:
Michael Swistun, CFA
President & CEO
Canadian Gold Corp.
(204) 232-1373
info@canadiangoldcorp.com
About Canadian Gold Corp.
Canadian Gold Corp. is a Toronto-based mineral exploration and development company whose objective is to expand the high-grade gold resource at the past producing Tartan Mine, located in Flin Flon, Manitoba. The historic Tartan Mine currently has a 2017 indicated mineral resource estimate of 240,000 oz gold (1,180,000 tonnes at 6.32 g/t gold) and an inferred estimate of 37,000 oz gold (240,000 tonnes at 4.89 g/t gold). The Company also holds a
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of the Company contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Canadian Gold's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235114
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