(MENAFN- Investor Ideas) The Canadian Securities Exchange ("CSE" or "the Exchange") today welcomed the listing of Canary Gold Corp. ("Canary Gold" or the "Company"). The Vancouver-based junior mining company has raised $2.2 million in an initial public offering, and its common shares began trading on the CSE today under the symbol BRAZ .
Canary gold is focused on the Rio Madeira property, located in Rondônia state in Brazil. The Company has an option agreement to acquire up to a 70% stake in the gold project, which covers more than 68,000 hectares of land. It intends to use proceeds from the IPO to carry out an exploration program at Rio Madeira, which is detailed in its recent technical report.
"With gold prices hitting record highs this year, the time is ripe for a new generation of greenfield discoveries," said James Black, the CSE's Vice President, Listings Development. "We wish Canary Gold success with its exploration program in Brazil, a country with a long and distinguished history of gold mining."
"The CSE listing is a significant milestone for our company and a testament to the hard work and dedication of our team, as well as the confidence our investors have placed in us," said Andrew Lee Smith, CEO of Canary Gold. "Listing on the CSE opens up new opportunities for Canary, providing us with greater visibility within the Canadian capital markets and enhancing our ability to raise capital. We are excited about the potential this new chapter brings and we look forward to delivering value to our shareholders, partners, and stakeholders as we move forward with our exploration efforts in Brazil."
About the Canadian Securities Exchange:
The Canadian Securities Exchange is a rapidly growing exchange invested in working with entrepreneurs, innovators and disruptors to access public capital markets in Canada. The Exchange's efficient operating model, advanced technology and competitive fee structure help its listed issuers of all sectors and sizes minimize their cost of capital and enhance global liquidity.
Our client-centric approach and corresponding products and services ensure businesses have the support they need to confidently realize their vision.
The CSE offers global investors access to an innovative collection of growing and mature companies.
Disclaimer/Disclosure: Investorideas is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact management and IR of each company directly regarding specific questions. More disclaimer info: More disclaimer and disclosure info Learn more about publishing your news release and our other news services on the Investorideas newswire News-Upload/ Global investors must adhere to regulations of each country.
MENAFN18112024000142011025ID1108898684
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.