Highlights

  • Canadian Gold Resources completed a LIFE offering raising CAD 1.05 million in gross proceeds.
  • The financing included 7 million non-flow-through units with attached long-term warrants.
  • CAN shares traded at CAD 0.17, down 2.86 percent, on January 30, 2026.

Canadian Gold Resources Ltd. (TSXV:CAN) announced the completion of its listed issuer financing exemption (LIFE) offering, closing the sale of 7,000,000 non-flow-through units at a price of CAD 0.15 per unit. The transaction, finalized on January 29, 2026, generated gross proceeds of CAD 1,050,000, according to the company’s disclosure.

Each non-flow-through unit consisted of one common share and one share purchase warrant. The warrants allow holders to acquire an additional common share at an exercise price of CAD 0.22 for a period of 36 months from issuance. The warrants also include an acceleration clause tied to the company’s trading performance on the TSX Venture Exchange.

Warrant Structure and Acceleration Terms
Under the terms of the offering, the warrant expiry period may be reduced if the company’s common shares trade above CAD 0.45 for ten consecutive trading days. This acceleration condition can be triggered after four months and one day from the issuance date, following a press release announcing the reduced warrant term.

In addition to the unit issuance, Canadian Gold Resources paid cash finder’s fees totaling CAD 79,640. The company also issued 530,933 finder’s warrants to eligible arm’s-length parties. These finder’s warrants are exercisable at CAD 0.15 per share for 36 months and are subject to the same acceleration provisions as the investor warrants.

Use of Proceeds and Recent Capital Raised
The net proceeds from the non-flow-through financing are intended for asset purchases related to the Lac Arsenault, Robidoux, and VG Boulder projects. Funds will also be allocated to corporate overhead expenses that do not qualify as flow-through expenditures.

This financing follows a prior capital raise completed on December 31, 2025. On that date, the company raised CAD 2,016,297.90 through the sale of flow-through units under the LIFE exemption, along with a concurrent non-brokered private placement. Combined, Canadian Gold Resources has raised total gross proceeds of CAD 3,066,297.90 over the past 30 days.

Stock Performance Snapshot
On January 30, 2026, Canadian Gold Resources shares were trading at CAD 0.17, reflecting a decline of 2.86 %, for the trading day.