Canagold Resources Ltd. announced a private placement of 15,700,000 flow-through common shares at a price of CAD 0.2625 per share for the gross proceeds of CAD 4,121,500 on March 28, 2024. The company received conditional approval from the Toronto Stock Exchange for the offering on March 26, 2024 and is currently seeking final approval. No finder fees were paid in connection with the Offering.

The FT Shares were issued on the private placement and are subject to a hold period of four months and one day following the closing date of the offering, expiring on July 29, 2024. The transaction will include participation from returning investor, Sun Valley Investments AG.