PriceSensitive

Signature Resources (TSXV:SGU) announces $1M private placement

Mining, The Market Online Deal Room
TSXV:SGU
15 February 2022 09:15 (EST)

Source: Signature Resources

Signature Resources (SGU) has announced a non-brokered private placement for gross proceeds of up to C$1,000,000.

Each flow-through share is being offered at C$0.08 per share and each non-flow-through share is being offered at $0.06 per share.

The net proceeds will be used to fund ongoing exploration and general corporate purposes.

Signature Resources Ltd is a gold exploration company focused on the acquisition and exploration of mineral properties in Canada. 

The  Lingman Lake Gold Project in Ontario consists of 1,434 staked claims, four freehold full patented claims and 14 mineral rights patented claims totalling approximately 27,113 hectares.

Signature Resources Ltd. (SGU) opened trading at C$0.065 per share.

Related News