Canary Gold Corp. ($CNYGF) has announced the issuance of 1,500,000 common shares at a price of CAD$0.30 each, which represents the final payment of CAD$450,000 as part of its purchase agreement with Talisman Venture Partners Ltd. dated August 29, 2025.
With this agreement, Canary Gold acquired a 100% interest in ten mineral tenements covering approximately 94,700 hectares in Rondônia, Brazil. The total consideration for the deal was CAD$1,700,000, fulfilled through a combination of cash and shares.
Talisman retains a 1.0% Net Smelter Return (NSR) royalty on all commercial mineral production from the property, with the option for Canary Gold to purchase half of this royalty, reducing it to 0.5%, at any time for CAD$1,000,000.
The issued shares are subject to a four-month hold period, which will expire on June 26, 2026.
Canary Gold Corp. is dedicated to exploring and advancing gold projects in Brazil, currently holding an option to earn up to a 70% undivided interest in the Rio Madeira Project through staged exploration expenditures and milestone payments. This strategic acquisition of additional mineral tenements allows Canary Gold to consolidate its land position in the Madeira River region, a highly prospective but underexplored gold province in Brazil.
For more details, visit Inside Ticker or contact Mark Tommasi, President of Canary Gold Corp., at (604) 318-1448.