Canagold Resources Ltd. announced a non-brokered private placement of 21,000,000 shares at an issue price of CAD 0.21 per share for proceeds of CAD 4,410,000 on July 28, 2023. The transaction included participation from two insiders of the company for 13,500,000 shares. The shares issued in connection with the closing of the offering are subject to a statutory hold period for four months plus a day in accordance with applicable securities legislation ending on December 1, 2023.