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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 andre171on Oct 19, 2024 11:27am
230 Views
Post# 36273036

Price for the takeover SGNL

Price for the takeover SGNL

What do you think Nexgold would pay for Signal Gold? For me, it would be 0.1244 SGNL shares * 255.06M shares = 31729464 NEXG shares at the ( current) price of 0.77 CAD on 18/10/2024, or 24.4M CAD. But the transaction cancels Signal's current credit facility of around US$20.4m (=28.1M CAD) with Nebari and NexGold's credit facility of US$6.0m (=8.3M CAD) with Extract Capital. May I therefore consider that the price paid by NexGold would be 24.4 + 28.1 -8.3 = 44.2M CAD. This price may, of course, change depending on NEXG's listing until the takeover closes. This price corresponds +- to SGNL's enterprise value of 41.2M according to Yahoo. What do you think?

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