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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

Comment by DoumDiDoumon Nov 15, 2024 11:58am
152 Views
Post# 36315062

RE:Coffee Time

RE:Coffee Time

winedoc wrote: Watch your mailbox .....

See ya all over at NexG

"Down at the Pub" ........ I heard lots of instittutional support and voting packages are on the way

I added more to the stack ......

Winedoc

I invite everybody to read it carefully with the "coffee" propsed by Winedoc. I will be for sure reading the Annexe G as I was told that I could find answers regarding the processus done by BMO. But right from the start, I can see with that introductory statement that I have some answers to my questionning:
 

The Fairness Opinion addresses only the fairness of the terms of the Arrangement, from a financial point of view, to the Signal Gold Shareholders, and is not and should not be construed as a valuation of Signal Gold or NexGold (or any of their affiliates) or their respective assets, liabilities or securities or as a recommendation to any Signal Gold Shareholder as to how to vote with respect to the Arrangement Resolution or any other matter at the Meeting.
If you go through the DD I have done so far, the problem I got regarding all this process with BMO is regarding the fair valuation of both companies. This statement is exactly confirming what I thought: they were not hired to assess if the offer is just, but just to say that in a financial stand point, it is "fair".

It's up to us, shareholders, to accept or refuse the valuation proposed by both managements of NEXG and SGNL. Voting NO means that they have to do better.
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