CanXGold Mining Corp. Reports on Discussions with Senior Lender and Management Changes

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Nov 03, 2022

VANCOUVER, BC / ACCESSWIRE / November 2,2022 / CanXGold Mining Corp., (TSXV:CXG)(FRANKFURT:3G8C)(OTC PINK:GDMRD), ("CanXGold" or the "Company) announces that, despite its ongoing good faith efforts, it has reached an impasse in its discussions with its senior secured creditor, RIVI Opportunity Fund LP ("RIVI"), to settle definitive documents regarding a debt restructuring agreement first announced on December 27, 2021. As a result, the Company has been forced to cease all expenditures on the maintenance of its properties, permits and related assets. Company management has no guidance at this time from RIVI as to how it will respond to this development.