Source: Signature Resources
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  • Signature Resources (SGU) has upsized its non-brokered private placement for gross proceeds of up to $2,000,000
  • Flow-through shares are priced at C$0.07 and non-flow-through shares are priced at $0.06
  • The net proceeds will be used to fund ongoing exploration and for general corporate purposes
  • Signature Resources is a gold exploration company
  • Signature Resources Ltd. (SGU) opened trading at C$0.07 per share

Signature Resources (SGU) has upsized its recently announced private placement to $2,000,000.

The non-brokered private placement will consist of both flow-through shares and non-flow-through shares.

As a result of a large institutional order, each flow-through share is now being offered at C$0.07 per share and each non-flow-through share is being offered at $0.06 per share.

The net proceeds will be used to fund ongoing exploration and general corporate purposes.

Signature Resources is a gold exploration company focused on the acquisition and exploration of mineral properties in Canada. 

The  Lingman Lake Gold Project in Ontario consists of 1,434 staked claims, four freehold full patented claims and 14 mineral rights patented claims totalling approximately 27,113 hectares.

Signature Resources Ltd. (SGU) opened trading at C$0.07 per share.

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