Canadian Gold Corp. Closes $3 Million Financing, McEwen Mining Inc. Becomes 5.9% Strategic Shareholder
Summary
McEwen Mining now owns 5.9% of Canadian Golds outstanding shares and 7.3% on a partially diluted basis. All Qualifying Expenditures will be renounced in favour of the subscribers effective December 31, 2025.The Company intends to use the aggregate proceeds from the Offering to: Target the deeper extensions of the Main Zone, which remains open. Target the Main Zones Eastern Flank which returned 9.7 gpt gold over 4.2 metres. Geo., Consulting Geologist for the Company, and a Qualified Person as defined under National Instrument 43-101.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. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Canadian Golds 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.NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/246393