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Signature Resources Ltd V.SGU

Alternate Symbol(s):  SGGTF

Signature Resources Ltd. is a Canada-based exploration company. The Company’s principal business activity is the identification, evaluation and exploration of mineral resource assets in Canada, with a focus on precious metals. The Company is engaged in exploring its Lingman Lake gold property located within the prolific Red Lake district in Northwestern Ontario, Canada. The property is situated in the Lingman Lake Greenstone belt consisting of a complexly folded assemblage, of mafic metavolcanics, felsic metavolcanics and metasedimentary rocks. The project has an approximately 234,000-ounce historical high-grade gold resource estimate that is contained within the first 180 meters of surface and open in all directions. The Company’s Lingman Lake gold property consists of approximately 1,300 staked claims, four freehold full patented claims and 14 mineral rights patented claims totaling approximately 24,761 hectares.


TSXV:SGU - Post by User

Post by monte7on Apr 21, 2020 9:41am
106 Views
Post# 30933437

I wonder how the raise is going!!

I wonder how the raise is going!!Upon signing of the Investor Relations Agreement 500,000 options have been granted at an exercise price of $0.05 with an additional 500,000 options to be granted 30 days after signing of the Agreement at an exercise price of $0.07 provided that East-West demonstrated market support, and has raised private placement financing of at least $500,000. The options are irrevocable, and will expire three (3) years from the date of issue.
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