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 [...]
CanaGold Resources Ltd. , is pleased to announce the issue of its request for tender to seven qualified consulting engineering firms to complete a feasibility study for the New Polaris project in Northwestern BC. A Preliminary Economic Assessment conducted by Moose Mountain Technical Services in February 2019 demonstrated the robust economic viability of the project. Using a gold price of US$1,500 per oz, the PEA [...]
CanaGold Resources Ltd. is saddened by the passing of its founder and former chairman, Mr. Bradford Cooke. Mr. Cooke founded CanaGold Resources Ltd. in 1987 and served as its chief executive officer until 2014 and as its chairman until July 2022. He focused on financing and managing the exploration and development of gold mining projects in North, Central and South America. He began his career as project geologist in 1976 [...]
CanaGold Resources Ltd. , , , is pleased to announce that, in line with its stated intentions of accelerating the advancement of the property towards production, drill crews have been mobilized to site to restart drilling at the New Polaris Gold project, located in northern British Columbia. The 8000 meters of drilling planned for 2022 is primarily targeting the shallower high-grade Y-vein system which consists of two [...]
CanaGold Resources Ltd. , is pleased to announce that Mr. Mike Doyle, has been appointed as the Company's Chief Technical Officer, effective August 09, 2022. "With a wealth of experience in exploration, discovery, resource development and mine development, Mike is a rare individual with considerable depth and breath in all aspect of mining," said Sofia Bianchi, Chair of the Board. "Our Board, which includes Mike, is fully [...]
CanaGold Resources Ltd. , wishes to announce that Mr. Scott Eldridge has resigned from the position of Canagold CEO and Director as of August 02, 2022. "On behalf of the Company and the Board, I would like to thank Mr. Scott Eldridge for his years of service to Canagold as CEO and Director. We wish Scott all the best in his future endeavors," said Sofia Bianchi, Chair of the Board. Following the completion of an executive [...]
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