Canagold Resources Ltd. (TSE:CCM) has released an update.
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Canagold Resources Ltd. has successfully completed a charity flow-through financing round, raising $4.1 million through the issuance of 15.7 million common shares to Sun Valley Investments AG. The funds will be directed towards exploration endeavors at the New Polaris project, with the transaction granting Sun Valley a 48.41% ownership post-offering. This strategic influx of capital is set to bolster Canagold’s exploration initiatives without the payment of finder fees.
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