Canadian Gold Resources Cancels LIFE Offering
Canadian Gold Resources (CAN.V) has cancelled its previously announced listed issuer financing exemption (LIFE) offering following a review of its financing strategy and prevailing market conditions, the junior exploration company said late Thursday. Canadian Gold had aimed to raise up to C$1.1 million in the offering announced in May. "Following careful consideration, we have determined that not proceeding with the LIFE offering at this time is in the best interests of the company and its shareholders," interim president and CEO Kenneth Chernin said. The company said it will continue evaluating financing alternatives to support its planned 2026 exploration and drilling programs at the Lac Arsenault, Robidoux and VG Boulder projects in Quebec.
Canadian Gold Resources (CAN.V) has cancelled its previously announced listed issuer financing exemption (LIFE) offering following a review of its financing strategy and prevailing market conditions, the junior exploration company said late Thursday.
Canadian Gold had aimed to raise up to C$1.1 million in the offering announced in May. "Following careful consideration, we have determined that not proceeding with the LIFE offering at this time is in the best interests of the company and its shareholders," interim president and CEO Kenneth Chernin said.
The company said it will continue evaluating financing alternatives to support its planned 2026 exploration and drilling programs at the Lac Arsenault, Robidoux and VG Boulder projects in Quebec.