Canagold Resources Ltd T.CCM

Control person

[GOLDISUS]

The term “control person” is defined in section 1 of the Securities Act and generally means, a person, or combination of persons, who holds a sufficient number of the voting rights attached to all outstanding voting securities of an issuer to affect materially the control of the issuer.

And why is this needed?

[GOLDISUS]

John Paul, thanks for your inquiry. Sun Valley is committed to financing this project all the way to a Feasibility and Permitting.  As such they will need to purchase shares from our treasury. Currently they have 17%. The next financing It will bring up their percentage beyond 20% and that triggers the “control person”, so we need a shareholder vote for approval for that to take place. The

[GOLDISUS]

Control Person is just a name? an odd name given what it implies. I voted yes as I am assured they have no more votes that the % of their votes