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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

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 DoumDiDoumon Dec 20, 2023 8:09am
283 Views
Post# 35793366

Financing Upsize + Dilution

Financing Upsize + DilutionThat is a good point raised by Rogg and Shifty: yeah, we are diluted after this upsize. But what is "good" is that we have some players buying the non flow-through shares and the fact that we have now enough money to keep going and continue through the hostile context that might come in the gold mining sector IMO: Goldboro is a nice prey and SGNL is not a predator for sure.

Raising money now to ensure we can drill and define a third pit will definitely help in getting a better value in the near future.
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