Canagold Resources Ltd. (CRCUF)

[Gaintrader]

CRCUF 8-K 9/12/16... The Strategy;

This agreement to acquire up to a 75% interest in the FG Gold Property represents a diversification of Canarc’s growth strategy to create value for shareholders. Firstly, Canarc can earn an interest in the existing gold resources for less than CDN$5 per oz. Secondly, Canarc views the property as having excellent exploration potential to significantly expand the gold resources. Thirdly, in a rising gold price environment, the FG Gold Property has the potential to become an attractive development project for future gold production.

Canarc management plans to continue pursuing new gold acquisitions that have potential to add immediate gold oz to our gold inventory, as well as potential for either near term production or expanding resources and new discoveries.

https://www.sec.gov/Archives/edgar/data/868822/000113717116000358/newsrelease.htm