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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is a Canada-based gold development company. The Company is engaged in advancing the wholly owned Goldboro Project in the Canadian mining jurisdiction of Nova Scotia. The Goldboro Project is an advanced exploration and gold development project located approximately 175 kilometers (km) northeast of the city of Halifax, 60 km southeast of the town of Antigonish, and 1.6 km north of the village of Goldboro, on the eastern shore of Isaac’s Harbour, in Guysborough County, Nova Scotia, Canada. The Company has consolidated approximately 28,525 hectares (285 km2) of prospective exploration land in the Goldboro Gold District.


TSX:SGNL - Post by User

Bullboard Posts
Comment by 160kon Apr 10, 2011 3:52pm
273 Views
Post# 18411045

RE: RE: LeDuke1

RE: RE: LeDuke1You mention that "only the existing shareholders can buy the stock through the rights offering".  This is not accurate.  If I sell my rights to a new investor, that investor automatically receives my rights to buy the stock without commission, the same as I would have, if I had decided to keep those rights and buy more stock from the treasury.  So, most likely the rights will trade for .005cents each.  It would cost a new investor only .005cents/share to buy a load of new stock and save all of the commission.  It depends on each person's own situation in terms of how this would or wouldn't benefit a new buyer.   The stock, should be trading higher, nonetheless and in spite of Management's incompetence.
Bullboard Posts