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Signal Gold Inc. T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is focused on gold mining, development, and exploration company in the top-tier Canadian mining jurisdictions of Nova Scotia & Newfoundland. The Company is advancing the Goldboro Gold Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study. Signal Gold also operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully permitted Pine Cove Mill, tailings facility and deep-water port.


TSX:SGNL - Post by User

Comment by therageron Jul 16, 2020 9:23am
143 Views
Post# 31275026

RE:RE:News out, Non-Brokered Private Placement

RE:RE:News out, Non-Brokered Private PlacementThis is outstanding news!!  There is an old adage in any business, "you raise money when you can, not when you have to."  The 58 cent share price is great, but the thing i like even better is that the financing was done without a warrant package which negates further dilution. This raise is cheap option premium that may have assymetric upside with all the drilling targets that hold promise which could greatly expannd the resource base in both NS and NFL. The company's investor outreach program is starting to pay off in attracting institutional investors who are validating the growth propsects of ANX.  Congratulations to Kevin for his AGRESSIVE management style which is a necessary and refreshing change to what we had previously. Engine room, full steam ahead!!
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