Canary Gold arranges $1-million private placement

Executive Summary

• Canary Gold Corp. announces a new non-brokered private placement of up to 4 million units at $0.25 per unit, raising up to $1 million in gross proceeds.
• This offering follows a previous $1,687,500 private placement closed on September 10, 2025, and is undertaken due to strong investor interest.
• Net proceeds will be used for exploration at the Madeira River project in Brazil and for general working capital.

Key Details

• Offering Structure: Up to 4,000,000 units.
• Price: $0.25 per unit.
• Gross Proceeds: Up to $1,000,000.
• Unit Composition: Each unit consists of one common share and one transferable common share purchase warrant.
• Warrant Terms:
  • Each warrant allows the purchase of one additional common share.
  • Exercise Price: $0.35 per share.
  • Duration: Three years from the date of issuance.
  • Acceleration Provision: If the common shares close at a minimum of $0.55 for 10 consecutive trading days, the company may accelerate the expiry date to 20 days following a news release announcing such acceleration. This provision becomes effective 4 months and 1 day after issuance.
• Finders' Fees: Up to 7% in cash and up to 7% in warrants.
• Use of Proceeds: Advancing exploration at the Madeira River project in Brazil and general working capital.
• Hold Period: All securities subject to a statutory hold period of 4 months and 1 day from issuance.
• Regulatory Status: Subject to CSE approval.

Notable Quotes

• None provided in the text.