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Canagold Resources Ltd. closed a $4M financing round with proceeds from flow-through and common shares. The funds will support exploration and working capital needs.

Aug 18, 20254 months ago

Amount Raised

$4 Million

VancouverMineralPrecious MetalsMining

Investors

Sun Valley Investments Ag

Description

Canagold Resources Ltd has closed a financing totaling $4,000,000. The funds raised will be used for Canadian exploration expenses and working capital. Sun Valley Investments AG was one of the key investors involved in this financing round. The company is seeking final approval from the Toronto Stock Exchange.

Company Information

Company

Canagold Resources

Location

Vancouver, British Columbia, Canada

About

Canagold Resources Inc. is a natural resource company primarily engaged in the development of mineral properties. The company focuses on gold exploration and production in North America. It aims to build shareholder value through resource acquisition and development. Their projects are designed to leverage the growing demand for gold.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers