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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

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

Post by andre171on Oct 19, 2024 11:27am
222 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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