NEXG and SGNLone thing they have in common. Both of their share prices have declined 90% in the last few years.
Looking at the release, and just quickly looking at the financings and terms etc.
They plan to pay the two credit facilities which are combined about $27 million Us. About $37 million CDN.
They plan to restructure with Nairobi with a new $12 US credit facility after the others are paid off. And giving up stuff to secure that new facility.
They are not raising $37 million. So I suppose that after the new arrangement, the $12 million US credit facility will be pretty much drained to help pay of the current faciilities.
So it will be a new company in a way. With two projects. Next to no working capital.
Still need a FS for Goliath.
I had hoped SGNL could have done better. But time will tell.
As for where you decide to vote DDD, you have two choices.
Vote for this and still have hope.
If too many vote against it, well then you will have no SGNL. And no hope.
GLTA