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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 Jan 08, 2015 3:06pm
117 Views
Post# 23299366

RE:One thing I'm trying to find out

RE:One thing I'm trying to find outNINELIVES: sorry for the delay in answering you further about your contention that VX-listed companies do not need shareholder approval to consolidate, as I have been somewhat under the weather recently. Anyways, I have talked about NightHawk Gold (NHK-VX) many times (shares H.O. with ANX on York Street here in Toronto). Do me the favour of going into their TMX trading page under TMX.com (and enter NHK). Go down to "NEWS" and find their March 26, 2014 announcement about their intention to consolidate their share capital on the basis of 5 old for 1 new. You will note that the News Release clearly states that to effect such a change to the share capital, shareholders of NHK will have to approve such a change at their upcoming ASGM, through a vote. NHK is a Venture-listed company and if you read further into 2014, you will find, more recently, the notice that shareholders did in fact approve this consolidation and as a result, as we know now, they have lost thousands of dollars since the consolidation took effect. The main thing here is why would a TMX-BIG BOARD-listed stock downgrade itself to a VX listing? I hope this clarifies this matter once and for all. Shareholders of ANX should be proud of themselves for voting against Management on this matter and maintaining the status quo with respect to its share capital. Thanks for your input. 160K
Bullboard Posts