Canagold Reports Strong Shareholder Support for AGM Vote - Stock News Feed

Fix various bugs in the ISS Proxy Advisor report

Exposes Dissident’s Intentional Failure to Disclosure of ISS Report


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Remind shareholders to vote the YELLOW power

Shareholder support for Canagold has been strong for AGM Vote.Canagold corrects several factual errors in the ISS Proxy Advisory Report.Dissident does not provide an accurate disclosure of the proxy advisor report.The deadline to submit YELLOW powers is July 15, 2022 at 10am Pacific Time.Do you have questions or need help voting for the YELLOW Proxy? Contact the Laurel Hill Advisory Group at 1-877-452-7184 or by email at [email protected].

VANCOUVER, BC / ACCESS CABLE / Jul 8, 2022 / Canagold Resources Ltd. (TSX:CCM)(OTCQB:CRCUF)(Frankfurt: CANA) (“Canagold” or the “Company“) reports that shareholder support for the board nominees has been strong for the upcoming AGM vote. Management wishes to remind shareholders that the deadline to vote on their YELLOW proxy is fast approaching and they are encouraged to vote well in advance of the deadline on July 15, 2022 at 10am PST.

Canagold also corrects several errors made by ISS in its report. There are too many to cite; however, some of the key errors include:


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Dissident Financing Proposal Is “As Good Or Better” Than Recent Canagold Financings – FAKE. Dissident’s no-trade financing offer is actually 20% DISCOUNT to the last non-flow financing of Canagold at $0.40 per share just 18 months ago, and 16% DISCOUNT to Canagold’s latest direct flow financing at $0.50 per share just 9 months ago Canagold is avoiding a critical financial decision: FAKE. Vikram Sodhi knows this to be a lie and Canagold’s letter to SunValley on May 18 clearly points this out (Click here). Sodhi wants his board to abandon all efforts to seek better financing alternatives and only take the first opportunistically made one at the recent low in the Values price. Your management and the board of directors have a fiduciary duty to evaluate financing alternatives for the Company that are in the best interest of the Company, taking into account the interest of ALL shareholders, not just ONE shareholder. Cooke too busy with Endeavor: FAKE. Although the role of a chairman is to oversee, not manage, Mr. Cooke has worked actively with management for many years to facilitate mergers and acquisitions (the acquisition of AIM and the disposition of Getchell), financings (see the two most above) and the introduction of Canagold to its network. of investors

Additionally, Canagold understands the frustration shareholders have felt with the avalanche of misinformation from SunValley Company DMCC. (“Valley of the Sun” or the “Dissident”)-. Dissident’s recent press release announcing favorable support from Institutional Shareholder Services Inc. (“ISS“) is his latest attempt to skew the truth. ISS is a proxy advisor providing corporate governance services revision and voting recommendations to its institutional subscribers. Shareholders should note the following information in the ISS report that the Dissenter intentionally removed to further himself:

ISS recommended a “Vote HOLD for dissenting candidate Andrew Trow”;ISS warned that “using the dissident card increases the chance that three dissident candidates will be elected to the board” and ISS does NOT support all dissenting candidates;the dissident failed to “make a convincing case for a change of control of the board”. ISS further clarifies, “The case for board control requires a well reasoned and detailed business plan, which in this case, has not been provided in full. Instead, the dissenter has provided a brief summary of a strategic plan without indicating such things as whether or not major changes will be needed in the management of the company, and who is proposed to act in those management roles…”.

Shareholders must make their own decisions based on facts, facts that can be found in www.canagoldresources.com/2022agm/. For reasons of supporting Canagold’s board nominees and how Canagold has been moving forward, Shareholders are encouraged to visit the Canagold website and the Canagold website. letter to shareholders dated July 6, 2022 that was recently sent.

THE DISSIDENT DOES NOT DESERVE YOUR VOTE. VOTE FOR NOMINEES FOR MANAGEMENT OF CANAGOLD USING ONLY THE YELLOW PROXY

Voting is easy. Due to the essence of time, you are encouraged to vote for your YELLOW proxy online or by phone. Shareholders who have voted using the Dissenter’s power and wish to support Canagold still have the right to change their vote simply by executing a YELLOW attorney. A later dated YELLOW proxy replaces a previously recorded vote.

TIME IS OF THE ESSENCE. YELLOW PROXY MUST BE RETURNED NO LATER THAN

JULY 15, 2022 AT 10 AM (PACIFIC TIME).

DO NOT allow Vikram Sodhi and SunValley to take control of your company, your board and your project without paying YOU a premium for your Canagold shares.

SHAREHOLDER QUESTIONS AND VOTING ATTENDANCE

If you have questions or need help voting your shares, please contact Canagold’s Strategic Advisor and Proxy Agent:

Laurel Hill Advisory Group
Toll free in North America: 1-877-452-7184 (416-304-0211 outside of North America)
Email: [email protected]

“Bradford Cooke”

bradford cook
Founder and Chairman of the Board
CANAGOLD RESOURCES LTD.

“Scott Eldridge”

Scott Eldridge
Executive Director
CANAGOLD RESOURCES LTD.

About Canagold – Canagold Resources Ltd. is a growth-oriented gold exploration company focused on generating superior shareholder returns through the discovery, exploration and development of strategic gold deposits in North America. Canagold shares are listed on TSX: CCM and OTCQB: CRCUF.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Statements contained in this press release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements regarding Dissenter’s intentions in providing advance notice and plans for Canagold and its future financings; and the availability of other financing opportunities on equal or better terms than those offered by the Dissident. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “has tested”, “expects” or “does not expect”, “is expected”, “potential”, “apparently”, “budget” , “scheduled”, “estimates”, “forecasts”, “at least”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or states that certain actions, events or results “may”, “could”, “would”, “should”, “could” or “will take”, “will occur” or “will be achieved”.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. future. Such risks and other factors include, among others, risks related to uncertainties inherent in estimating mineral resources; raw material prices; changes in general economic conditions; market sentiment; exchange rates; the Company’s ability to continue as a going concern; the Company’s ability to raise funds through equity financings; risks inherent to mining exploration; risks related to operations in foreign countries; future metal prices; failure of equipment or processes to operate as intended; accidents, labor conflicts and other risks of the mining industry; delays in obtaining government approvals; government regulation of mining operations; Environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and could cause actual actions, events or results to differ materially from those described in any forward-looking statements, there may be other factors that cause actual actions, events or results to differ materially from those described in the forward-looking statements. results are not as intended, estimated or anticipated. There can be no guarantee that forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this press release and the Company is under no obligation to update or modify any forward-looking statement, except as required by applicable securities laws.

FONT: Canagold Resources Ltd.

See source version at access cable.com:
https://www.accesswire.com/708095/Canagold-Reports-Strong-Shareholder-Support-for-AGM-Vote

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