Canagold Resources Ltd. (CRCUF)

[Gaintrader]

Please understand Carnac has wanted out of this agreement since Panerra had first announced their import issues with the DR's authorities. How is having a third party invest $1.5M into the NP project without giving anything up a bad thing? Now NP is no longer encumbered, allowing CRCUF many options that were not open to them, up until PanTerra was no longer involved.

If folks want to blame someone for this agreement falling through, they should look to blame the DR authorities first, then PanTerra, and not Carnac. Everything Carnac's management did pertaining to this deal was to diligently protect their asset, in a bad situation that they did not create, and that they had very little influence over.

PanTerra's option rights as per the 30 month earn in agreement would have expired on 7/25/17 anyway, unless they had already invested $10M by then, which both parties knew wasn't going to happen on time, as of last November.