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 [...]
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 Ontario, Canada. Since engaging the services of Wood Canada Limited , formerly Amec Foster Wheeler, to complete the previously announced initial NI 43-101 mineral resource estimate for the Lingman Lake Gold Project, substantial work has been completed and has [...]
Signature Resources Ltd. is pleased to announce the results of voting at its annual general and special meeting of the shareholders which was held May 26, 2022 . 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 [...]
Signature Resources Ltd. is pleased to announce that due to strong demand, it has closed an over-subscribed non-brokered private placement . Pursuant to the Offering previously announced in press releases on February 15 and 25, 2022, the Company has issued 19,692,335 non-flow-through shares and 18,082,800 flow-through shares for aggregate gross proceeds of C$2,447,336.10. Each NFT Share was issued at a price of C$0.06 and [...]
Signature Resources Ltd. is pleased to announce that due to strong demand, the Company's previously announced non-brokered private placement equity financing has been upsized. The non-brokered private placement will consist of both flow-through shares and non-flow-through shares for gross proceeds of up to C$2,000,000 . As a result of a large institutional order, each FT Share is now being offered at C$0.07 per share and [...]
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$1,000,000 . Over half 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$0.08 per share and each NFT Share is being offered at a price of [...]
Signature Resources Ltd. is pleased to announce the acceleration of an initial NI 43-101 resource estimate at its 100%-owned Lingman Lake Gold Project in Ontario, Canada. The acceleration results from new evaluation work completed in January 2022, on all exploration data, including historic data compilation completed throughout 2021. During 2021, Signature embarked on and completed extensive exploration data gathering and [...]
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