February 22, 2022 – Management is pleased to announce Goldlogic’s most promising investment to date. The company has recently acquired a 10% stake in Canagold Resources (TSX), a Canadian-based mining company. This strategic acquisition positions Goldlogic for significant growth in the mining sector.
Sun Valley Investments, Goldlogic’s largest shareholder, successfully took control of the board of directors of Canagold Resources following a high-profile proxy fight. This initiative received overwhelming support from Canagold’s shareholders, reflecting strong confidence in Sun Valley’s turnaround plan. Institutional investors of CCM voted in favor of Sun Valley’s strategic vision, signaling robust backing for the proposed operational improvements.
Goldlogic’s investment team identified the extraordinary potential of Canagold Resources at the end of 2020. The New Polaris project, CCM’s flagship asset, boasts 1 million ounces in resources with a grade of 10.3 grams per tonne (g/t). With this investment, Goldlogic’s investors are effectively acquiring gold ounces at approximately $22 each. We firmly believe that Sun Valley's plan will unlock and realize the full potential of Canagold Resources.
Goldlogic has purchased 13.5 million shares at CAD$ 0.205 per share, marking a significant step in our strategic investment approach aimed at delivering exceptional returns to our investors.
About Goldlogic Goldlogic is a premier investment firm specializing in the mining industry. With a focus on strategic investments and comprehensive evaluations, Goldlogic aims to drive growth and profitability in the mining sector.
For inquiries, please contact:
Camilo Alvarez
E-mail: calvarez@goldlogic.com
Phone: +1 (281) 751-8975