Canadian Gold Resources raised $2.02M in two rounds to fund gold exploration on 16,000 hectares in Québec’s Gaspé Peninsula.

Canadian Gold Resources (TSXV: CAN) completed two financing rounds on December 31, 2025, raising $2.02 million through a LIFE Offering and a non-brokered private placement. The company sold 4.08 million flow-through units at $0.18 each in the LIFE Offering and 7.12 million units in the private placement, with proceeds funding exploration on three high-grade gold properties in Québec’s Gaspé Peninsula. The funds will support development of approximately 16,000 hectares of mineral projects. Cash finder’s fees and warrants were issued to eligible parties, with warrants exercisable at $0.18 for 36 months. Final TSX Venture Exchange approval is pending.