Signal Gold Inc T.SGNL

Alternate Symbol(s): SGNLF

Metals & Mining Gold Industrial Metals & Minerals

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.

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Signal Gold Inc > My suggestion would be:

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Comment by DoumDiDoumon Aug 20, 2024 8:58am

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Post# 36187494

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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