Signal Gold Inc T.SGNL

RE:My Thoughts About The Financing

[DoumDiDoum]

DoumDiDoum wrote: My first thoughts about the financing was kind of negative as it is a direct consequence of the Argyle mess.  But after sleeping on it, I think that in the current context of "launching" Signal Gold and with all the shows and presentations planned until the end of Q1, this is a good bait for catching some big fishes and/or big names into the story.  It will help promoting the stock.  

I remember for example Eric Sprott participating in the same kind of financing package with Spanish Mountain Gold (SPA) 2 years ago (Spanish Mountain Gold Announces Closing of Oversubscribed Private Placement).  The first news about the private placement offering was on June 17th 2020 and 3 weeks later, SPA annouced that it was oversubscribed and Eric Sprott was involved.  Those big names are interrested when the SP is low and they have some warrants attached to the deal. 

If a big name is in for the financing, the SP will sky rocket to 1$ (and perhaps more) rapidely and I will not be surprised if the financing offer get oversubscribed.  It might even be possible that the "deal" is already done and yesterday's news is just a formality to comply to TSX rules.

GLTA

Financing raised to $6M ... it means it was oversubscribed and that some new players might be in. Also, it fits the SPA scenario I suggested above... let's hope I'm right!