Canary Gold Completes $1.68 Million Private Placement
Vancouver, British Columbia — September 10, 2025 — Leads & Copy — Canary Gold Corp. has closed a non-brokered private placement, raising CAD$1,687,500. The offering, initially announced on August 29, 2025, was upsized due to increased demand.
The company issued 6,750,000 units at $0.25 each, with each unit comprising one common share and one transferable common share purchase warrant. Warrants allow holders to buy an additional common share at $0.35 for three years from issuance.
The warrants have an acceleration clause: if Canary Gold’s shares close at $0.55 or more for ten consecutive trading days on the CSE, the company can shorten the warrant expiry to 20 days after announcing the acceleration. This provision takes effect four months and one day after the warrants are issued.
Finders received cash fees of $82,250 and 329,000 common share purchase warrants. Each finder’s warrant allows the holder to buy one common share at $0.35 for three years, subject to the same acceleration clause as the subscribers’ warrants.
Net proceeds will fund exploration at the Madeira River Project in Brazil and for general working capital. All issued securities have a statutory hold period of four months and one day from issuance and remain subject to CSE approval.
Mark Tommasi, President, Tel: 604-318-1448
Source: Canary Gold Corp.
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