Signal Gold Inc. T.SGNL

New Financing Offering

[DoumDiDoum]

Might means the selling of Point-Rousse asssets might not go where they thought it would go. Also, there might be some new big players wanting to step in but needed some incentive to do so (warrants).

The Flow-Through part will help in financing Goldboro drilling.

[Benji 2000]

Ouf, je veux bien essayer de comprendre mon Doum mais avoue que ce n'est pas trs convinquant ce matin... nous allons tre encore plus dilluer pour je ne sais quel raison valable !! ou bien il y a quelque chose qui m'chappe ???

[DoumDiDoum]

Effectivement, quelque chose nous chappe. Ce financement sera une occasion pour de nouveaux joueurs (institutions) ou existants d'obtenir un morceau de la compagnie au prix actuel. J'espre que a permettra d'aller chercher de gros noms. Et comme je le dis, peut-tre que a veut dire que la vente de Point-Rousse ne se passe pas comme ils s'attendaient.

[GoldNHill]

There had better be some new big players as this was highly unexpected given the loan financing they did not too long ago. Give them a carrot to chew on then bring in the hoard of buyers in this rising gold market.  We need to get a much higher price to do the big ~300 million dollar financing in the fall Debt and Shares.  I hope this is part of the strategy...some short-term pain for a

[barxy]

I thought  Flow-Through had to be used ONLY for exploration as the deduction is passed onto the purchaser...is this just a typo It is expected that the gross proceeds from the Offering will be primarily used to advance activities for development and exploration at the Goldboro Gold Project in Nova Scotia and for working capital and general corporate purposes

[DoumDiDoum]

There is a Flow-Through AND regular shares so the regular shares will covered for the general corporate purposes. The Offering will consist of up to 16,666,667 units of the Company (the "Units") at a price of $0.30 per Unit, and up to 5,555,556 "flow-through" units of the Company (the "FT Units") at a price of $0.36 per FT Unit.  

[Beersy24]

I trust the management but agree with you . Whatever you plan on drilling with the private placement money better prove to be a better deal then just permitting and mining what we have while proving more ounces later with the mining cash flow.