Signal Gold Inc T.SGNL

New Found Gold Takes Out Labrador Gold

[GoldNHill]

Seems like a very good deal for NFG.

Deals heating up in this neck of the woods.

LAB share price took a big hit...down 30% today....oooouch!

Here's the deal...

NFG will acquire a 100% interest in the Kingsway Project, including all property and mining rights associated with the property, (the “Transaction”) in exchange for $20,000,000 CAD (the “Purchase Price”) payable and satisfied by the delivery to LabGold of such number of NFG Common Shares (the “Consideration Shares”) determined by dividing the Purchase Price by the closing price of the NFG Common Shares on the TSX Venture Exchange (“TSXV”) on the last trading day prior to the closing of the Transaction.

[shiftyone]

I just looked quickly at this today.... it seems like LAB had about probably$5 million cash.  I'm not sure about their debt.  didn't look and don't care to at the moment.  The offer was for $20 million in NFG shares.  So the offer which management will vote for is less than what the market cap was yesterday..   I hope that if I own SGNL when and if they

[NSbluenoser]

  I hope that if I own SGNL when and if they ever get an offer   For God's sakes will you just leave us actual investors free of your uninvested options!!!!!!!