Canadian Gold Corp. Secures $3 Million, McEwen Mining Joins as Strategic Investor

Ladies and gentlemen, buckle up! We've got a gold rush happening right here in Canada, and it's time to pay attention. Canadian Gold Corp. just closed a $3 million financing deal, and guess who's on board? None other than McEwen Mining Inc., now owning 5.9% of Canadian Gold's outstanding shares. This is a game-changer, folks! Let's dive in and see what this means for your portfolio.



First things first, let's talk about the numbers. Canadian Gold issued 8,823,529 charity flow-through shares at $0.28 each and 2,941,176 common share units at $0.17 each. That's a whopping $3 million in gross proceeds! But here's the kicker: McEwen Mining, with Rob McEwen at the helm, is now a strategic investor. Rob McEwen, the man behind Goldcorp and McEwen Mining, owns 32% of Canadian Gold's outstanding shares. This is a power move, folks! McEwen Mining is betting big on Canadian Gold, and you should too!

Now, let's talk about what Canadian Gold plans to do with this cash infusion. They've got big plans, and I mean BIG! They're targeting the deeper extensions of the Main Zone, which remains open. Limited drilling in this area has returned 12.0 gpt gold over 8.0 metres and 12.7 gpt gold over 3.4 metres. That's some serious gold, folks! They're also drilling the Main Zone's Western Flank, where recent step-out drilling has intercepted 11.6 gpt gold over 5.6 metres and 7.1 gpt gold over 6.0 metres. And let's not forget the South Zone's potentially important depth extensions, where the first drill hole recently returned 6.1 gpt gold over 6.0 metres. This is a gold mine, folks, and it's just getting started!

But wait, there's more! Canadian Gold is also advancing development studies at the Tartan Mine. This past-producing mine has a 2017 indicated mineral resource estimate of 240,000 oz gold and an inferred estimate of 37,000 oz gold. That's a lot of gold, folks, and Canadian Gold is poised to expand that resource. With McEwen Mining on board, this is a no-brainer!

Now, let's talk about the risks. Exploration is risky, folks. There's no guarantee that the targeted areas will yield the expected results. But with McEwen Mining on board, Canadian Gold has the expertise and resources to make this happen. And with the $3 million in financing, they've got the cash to make it happen.

So, what's the bottom line? Canadian Gold Corp. is a gold rush waiting to happen, and McEwen Mining's investment is a validation of that. With big plans and a strategic investor on board, this is a stock you need to own. Don't miss out on this opportunity, folks! Buy now, and watch your portfolio shine like gold!