Canadian Gold Resources (TSXV: CAN) Terminates Investor Relations Agreement; Supplemental Information and Clarification on Option Grants

Core Points - Canadian Gold Resources Ltd. has terminated its investor relations agreement with Alliance Advisors, LLC effective February 21, 2025, and has withdrawn its application to TSXV to accept the agreement [1][2] - The decision to terminate the agreement was based on the company's strategic direction and ongoing challenges related to the operating terms of the agreement for both parties [2] - The company is committed to enhancing shareholder value and will seek alternative options for effective communication with stakeholders and the investment community [2] Stock Options - The company granted 1,500,000 stock options to board members and 500,000 options to various officers, employees, and non-investor relations consultants effective January 23, 2025 [3] - Each option allows the holder to acquire one common share at a price of $0.25 per share for a period of 10 years, with no vesting provisions [3] Company Overview - Canadian Gold Resources Ltd. is focused on developing high-grade gold projects in the Gaspé Gold Belt of Quebec, targeting under-explored, past-producing properties with significant growth potential [4] - The company utilizes modern exploration techniques to unlock value and is committed to sustainability and community engagement [4]