Canadian Gold Resources Ltd. intends to raise approximately $100,000 through a non-brokered private placement of up to 1,666,667 common shares priced at $0.06 each, with the proceeds directed toward general working capital.

Two company directors will subscribe for the shares in a transaction classified as a related party transaction under Multilateral Instrument 61-101. The participation is expected to qualify for exemptions from formal valuation and minority shareholder approval requirements because the securities' fair market value and the consideration paid will not exceed 25% of the company's market capitalization.

Completion of the financing is subject to customary closing conditions, including the acceptance of the TSX Venture Exchange. All common shares issued under the placement will be subject to a statutory hold period of four months and a day from the issuance date.

The financing supports the junior exploration issuer's wider activities across its portfolio in Québec. Canadian Gold holds three 100%-owned gold properties spanning approximately 18,000 hectares in the Gaspé Peninsula, covering the Lac Arsenault, Robidoux, and VG Boulder projects.

Earlier in the year, Canadian Gold completed a diamond drilling program at the Baker vein system within the Lac Arsenault project to test the geometry of gold mineralization at depth and along strike. Building on that work, the company is advancing a planned 5,000-tonne bulk sampling program at Lac Arsenault toward execution.

In addition to its operational and financing steps, Canadian Gold staked 50 new claims within the surrounding district in late August 2026.

Read the full announcement: Directors of Canadian Gold Resources to Participate in Non-Brokered Private Placement