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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is a Canada-based gold development and exploration 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 in Guysborough County, Nova Scotia, approximately 175 kilometers northeast of Halifax, comprising an exploration license area of over 27,200 hectares (272 km2). The Project is subject to a positive Feasibility Study which demonstrates an open pit life of mine (LOM) with average gold production of over 100,000 ounces per annum. The Company also operates the Tilt Cove Project, a prospective exploration-stage gold copper project located within the Baie Verte Mining District, Newfoundland, with approximately 15,000 hectares of prospective mineral lands and 35 kilometers of high-potential strike length including the Nugget Pond Horizon, a geological unit that hosts the past producing high-grade Nugget Pond Mine.


TSX:SGNL - Post by User

Comment by DoumDiDoumon May 19, 2022 11:38am
155 Views
Post# 34695495

RE:RE:My Thoughts About The Financing

RE:RE:My Thoughts About The Financing
Dipdip wrote:

At least it's only a 4 million financing. To me it would have made sense to wait the month and a bit for upcoming drill results and news release update they should be putting out that Newfoundland operations are still on track if they are . I think short term this will hold the sp back . Will likely 
use opportunity to buy more cheap shares . 



Yes, it's kind of printing the price to sub fifties for a little while.  But like you said, they could have waited BUT this little offering will help in getting interest from some big players to jump in the train.

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