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Canary Gold Expands Brazil Land Position Through Acquisition
Vancouver, British Columbia — August 29, 2025 — Leads & Copy — Canary Gold Corp. has acquired a 100% interest in ten additional mineral tenements in Rondônia, Brazil, expanding its Madeira River Project. The tenements cover approximately 94,700 hectares.
Under the definitive agreement, Canary Gold will pay CAD$1,700,000 to Talisman Venture Partners Ltd. through a combination of cash and shares. The agreement includes a cash payment of CAD$50,000, the issuance of 4,000,000 common shares at CAD$0.30 per share, and a future payment of either CAD$450,000 in cash or shares.
Talisman retained a 1.0% Net Smelter Return royalty, which Canary Gold can reduce to 0.5% by paying CAD$1,000,000.
Additionally, Canary Gold has entered a digital marketing services agreement with Machai Capital Inc., effective September 2, 2025, for $200,000 plus GST, with a potential increase to $400,000 plus GST for an expanded program. The marketing campaign will run from September to November 2025.
Canary Gold also announced a non-brokered private placement financing of up to 4,000,000 units at $0.25 per unit, aiming to raise up to $1,000,000. Each unit includes one common share and one transferable common share purchase warrant.
Mark Tommasi, President, Tel: 604-318-1448
Suneal Sandhu, Machai Capital Inc. Email: suneal@machaicapital.com; phone +1 604-375-0084.
Source: Canary Gold Corp.