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Signal Gold Inc ANXGD


Primary Symbol: 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

Comment by linveston Aug 16, 2023 11:03am
183 Views
Post# 35590937

RE:RE:News from the BOSS

RE:RE:News from the BOSSThe financing was supposed to cover the repayment of the 21M $US credit facility (from which we already drawn 16 M $US) which expires on February 2025 with one year possible extension. So no wonder why the market is nervous when the Goldboro financing plan change. Better to get excellent drill results or a huge raise in gold price, otherwise massive dilution ahead.



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