Strong Financial Support for Merger Now with significant financial support with the closing of an $18.5 million concurrent financing, NexGold Mining (NEXG.v NXGCF) and Signal Gold are set to create one of Canada's most advanced near-term gold developers with their upcoming merger.
Focused on advancing NexGold's Goliath Gold Complex in Ontario and Signal's Goldboro Project in Nova Scotia, the merged company will have a combined 4.7 million ounces of gold in Measured and Indicated Resources and 1.3 million ounces in Inferred Resources.
With environmental assessments complete and permitting expected by 2025, the company is targeting annual production of over 200,000 ounces of gold and will be positioned as a strong mid-tier gold producer with substantial growth potential across a 60,000-hectare land package with opportunities for further discoveries.
For more information, refer to this deep dive:
https://www.reddit.com/r/smallstreetbets/comments/1gm33me/nexgold_nexgv_nxgcf_closes_185m_financing_with/ Posted on Behalf of NexGold Mining Corp.