Signature Resources Ltd. is pleased to announce that its contractor Watts, Griffin, McOuat has completed updating its geologic model by incorporating the historical drilling completed in the 1980's. This was an important step in our roadmap to defining the prospects of the Lingman Lake Project and delivering on our objectives for 2024. With the addition of the 1980's drilling to the geologic model, we have significantly [...]
Signature Resources Ltd. is pleased to announce that the Company has upsized and completed its non-brokered private placement of flow-through shares and non-flow-through shares for gross proceeds of C$696,250 increased from the previously announced offering amount of C$600,000. The offering is comprised of 20,045,455 FT shares at C$0.0275 per share and 5,800,000 NFT Shares at a price of C$0.025. Twenty percent of the [...]
Signature Resources Ltd. is pleased to announce that the Company is offering a non-brokered private placement of flow-through shares and non-flow-through shares for gross proceeds of up to C$600,000 . Nearly twenty percent of the Offering is expected to be subscribed for by members of the Company's board of directors and management. Each FT Share is being offered at C$0.0275 per share and each NFT Share is being offered [...]
Signature Resources Ltd. is pleased to announce the results of voting at its annual general and special meeting of the shareholders which was held today . All matters submitted to the shareholders, as set out in the Company's Notice of Meeting and Management Information Circular, were approved by the requisite majority of votes cast at the Meeting. Election of Directors Shareholders approved the election of the five [...]
Signature Resources Ltd. announces it has completed the previously announced strategic review process and geologic model review . [See PR dated November 15, 2022]. As part of the Reviews and recent Corporate Restructuring, the Company has: Engaged Watts, Griffis, and McQuat Limited to complete a review of its geologic modeling and data and provide recommendations that would lead to an optimum outcome for resource estimation. Completed a corporate [...]
Signature Resources Ltd. announces that further to its press release dated March 8, 2023 it has completed its shares for debt transaction whereby an aggregate of $217,402 of the Company's outstanding debt was settled by way of the issuance of 5,435,050 common shares in the capital of the Company to two non-arms length creditors at a deemed price of $0.04 per Share . The Company confirms that the debt settled in this [...]
Signature Resources Ltd. is pleased to announce that it has closed a non-brokered private placement . Pursuant to the Offering, the Company has issued 20,325,000 common shares for aggregate gross proceeds of C$813,000. Each Share was issued at a price of C$0.04. Insiders of the Company purchased or acquired direction and control over a total of 14,564,950 Shares under the Offering. The placement to those persons [...]
Signature Resources Ltd. announces that it has increased the size of its previously announced non-brokered private placement from aggregate gross proceeds of C$900,000 to aggregate gross proceeds of C$1,030,402 . The Offering will consist of the sale of common shares of the Company at a price of C$0.04 per common share. The Company has received commitments for over half of the Offering from members of the Company's board [...]
Signature Resources Ltd. announces that it has updated the previously announced non-brokered private placement to C$900,000 at a price of C$0.04 per common share. The Company has received commitments for over half of the Offering, to be subscribed for by members of the Company's board of directors. Completion of the Offering remains subject to the approval of the TSX Venture Exchange. All securities issued in connection [...]
Signature Resources Ltd. is pleased to announce that the TSX Venture Exchange has approved a share consolidation of the outstanding capital of the Company of the Company's common shares on the basis of five pre-Consolidation common shares for one post-Consolidation common share. The Consolidation will be effective at the open of the market on December 6, 2022 . The Company will not change its name as part of the [...]
Signature Resources Ltd. announces it has commenced a strategic review process and corporate restructuring . While various technical consultants have given management and the board of directors a clear indication of the technical merits and the clear exploration potential of the Lingman Lake Project, the current challenging market conditions requires that the Company strategically pivot to ensure that shareholders may [...]
Signature Resources Ltd. is pleased to update progress on its NI 43-101 initial resource estimation effort for our 100%-owned Lingman Lake Gold Project in northern Ontario, Canada. Initial resource enhancement. Further to the previously issued update, over the course of working with Wood Canada Limited , and Watts, Griffis, and McQuat Limited , the Company had identified a low-cost opportunity to capture additional data [...]
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