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Signal Gold Inc T.SGNL

Metals & Mining Gold Industrial Metals & Minerals
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

Signal Gold Inc > My Thoughts About The Financing
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Comment by GrumpyInvestoron May 19, 2022 5:36pm
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Post# 34696682

RE:My Thoughts About The Financing

RE:My Thoughts About The Financing

Wow, what a mess!

I can't beleive the Argyle disaster has left the company so completely short on cash that we are now forced to have a $0,49 private placement. 

Even if it's just a small financing, it still represents a dilution of about 6% when you take the warrents into account.

I'm afraid such a small private placement is more likely to be filled by insiders than "big boys", but I hope I'm wrong.
 

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