Signature Resources Upsizes Previously Announced Private Placement

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Signature Resources Upsizes Previously Announced Private Placement

, MT Newswires - 12:10 PM ET 3/24/2025 default

12:10 PM EDT, 03/24/2025 (MT Newswires) -- Signature Resources ( SGGTF ) on Monday increased the size of its previously announced non-brokered private placement of flow-through shares and non-flow-through (NFT) units for gross proceeds of up to $1.4 million, up from $1 million.

The company said each NFT unit will be priced at $0.05 and made up of a share of the company and one-half of a one-year warrant to buy a second share for $0.08.

Proceeds will be used for completing the maiden mineral resource estimate for its Lingman Lake gold property, final expenses for the 2024 drilling program and general working capital purposes.

The company's shares were last seen unchanged at $0.055 on the TSX Venture Exchange.

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