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Signal Gold Inc T.SGNL

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

Post by iq4uon Feb 17, 2023 7:20am
206 Views
Post# 35291551

$21 Million financing

$21 Million financing
Post by GrumpyInvestoron Feb 16, 2023 1:28pm
135 Views 
Post# 35290299

$21 Million financing

I am really pleased with this morming's news. The current market is awful for juniors and equity financing is terribly dilutive for the companies that have go go that route. Securing this large debt financing gives us all the lattitude we need to move Goldboro forward and secure the build financing when the market turns more favorable.

As for further drilling, I'm pretty sure that Kevin might use flow through financing, but only when the share price rises a bit to keep dilution to a minimum. He always said he likes flow through financing, and he said it again in yesterday's webinar. 

Kevin's focus has always been on keeping dilution to a minimum, and he has proved it beautifully with this bridge financing.


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