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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

Metals & Mining Gold Industrial Metals & Minerals
Signal Gold Inc. is a Canada-based gold development and exploration 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 in Guysborough County, Nova Scotia, approximately 175 kilometers northeast of Halifax, comprising an exploration license area of over 27,200 hectares (272 km2). The Project is subject to a positive Feasibility Study which demonstrates an open pit life of mine (LOM) with average gold production of over 100,000 ounces per annum. The Company also operates the Tilt Cove Project, a prospective exploration-stage gold copper project located within the Baie Verte Mining District, Newfoundland, with approximately 15,000 hectares of prospective mineral lands and 35 kilometers of high-potential strike length including the Nugget Pond Horizon, a geological unit that hosts the past producing high-grade Nugget Pond Mine.


TSX:SGNL - Post by User

Signal Gold Inc > My suggestion would be:
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Comment by DoumDiDoumon Aug 20, 2024 8:58am
639 Views
Post# 36187494

RE:My suggestion would be:

RE:My suggestion would be:IQ:

To solve the problem with the debt of 20M I would sell new shares.

Some investors wrote in the last months that the debt is a problem.

So if I would be in management I would sell 250M new shares at 0,10 CAD.
For every 4 shares I would give the option to buy 1 additional new share within 24 months at 0,50 CAD if this share price is reached.

So the position to negotiate would be a lot better I think!

Only my 2 cents, IQ

P.S.
I would personally buy also new shares at this conditions!


Hi IQ, Financing the debt though equity is the easiest thing to do... but it is not a good thing for shareholders as dilution would be 100% in your scenario! Let's hope they come up with a JV... synergy looks amazing with St. Barbara.

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