VANCOUVER, BC / ACCESSWIRE / November 9, 2022 / CanXGold Mining Corp., (TSXV:CXG)(FRANKFURT:3G8C)(OTC Pink:GDMRF), ("CanXGold" or the "Company"), is pleased to announce that it has closed the non-brokered private placement previously announced on September 30, 2022, by issuing 4,000,000 flow through shares at a price of $0.08 per unit for gross proceeds of $320,000. Each flow-through unit will comprise of one common share (which is a flow-through share for Canadian income tax purposes) and one share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 60 months from the date of issue, one additional non-flow-through common share of the Issuer at an exercise price of $0.10 per share. The term of the warrants may be accelerated in the event that the issuer's shares trade at or above a price of $0.15 per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice.
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