Signature Resources Ltd. Announces Upsize of Previously Announced Private Placement Financing up to C$1,030,402
Signature Resources Ltd. Announces Upsize of Previously Announced Private Placement Financing up to C$1,030,402
Toronto, Ontario--(Newsfile Corp. - February 24, 2023) - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) ("Signature" or the "Company") 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"). 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 of directors (the "Participating Directors").
安大略省多倫多-(Newsfile Corp.-2023年2月24日)-Signature Resources Ltd.(多倫多證券交易所股票代碼：SGU)(OTCQB：SGGTF)(以下簡稱Signature或本公司)宣佈，它已將之前宣佈的非經紀私募規模從90,000加元的總收益擴大到總計90,000加元的總收益。1030,402(“供品”)。此次發行將包括以每股普通股0.04加元的價格出售公司的普通股。本公司已收到本公司董事會成員(“參與董事”)過半的認購承諾。
The net proceeds of the Offering will be used for the ongoing work in preparation of the initial mineral resource estimate for the Lingman Lake gold property, the repayment of existing loans and for general corporate and working capital purposes.
發售所得款項淨額將用於編制凌曼湖金礦的初步礦產資源評估的持續工作、償還現有貸款以及用於一般企業和營運資本用途。
Completion of the Offering remains subject to the approval of the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a four-month-and-one-day statutory hold period. The Company anticipates paying a 7% finder's fee, payable in cash, to certain eligible parties who have placed subscribers in the Offering.
此次發行的完成仍有待多倫多證券交易所創業板交易所的批准。所有與此次發行相關發行的證券將受到4個月零1天的法定持有期的限制。該公司預計將向在此次發行中認購的某些符合條件的各方支付7%的發起人費用，該費用以現金支付。
The proposed purchase of common shares in the Offering by the Participating Directors will be a "related party transaction" pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Pursuant to Sections 5.5(b) and 5.7(1)(b) of MI 61-101, the Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval, respectively, in connection with the Offering as the common shares are listed on the TSX Venture Exchange, neither the fair market value of the common shares proposed to be purchased by the Participating Directors' in the Offering nor the consideration to be received for such common shares will exceed $2,500,000, and at least two-thirds of the independent directors in respect of the Offering have approved the transaction. The Company will file a material change report in respect of the Offering, but it may be filed less than 21 days in advance of the closing of the Offering, which the Company deems reasonable in the circumstances as it desires to complete the Offering in an expedition manner and requires consideration it will receive in connection with the Offering immediately for working capital purposes.
根據多邊文書61-101，參與董事擬在發售中購買普通股將是一項“關聯方交易”-特殊交易中少數股權持有人的保護(“MI 61-101”)。根據MI 61-101第5.5(B)及5.7(1)(B)條，由於普通股於多倫多證券交易所創業板上市，本公司可獲豁免獲得與發售有關的正式估值及小股東批准的規定，參與董事擬於發售中購買的普通股的公平市價及該等普通股的代價均不會超過2,500,000美元，且至少三分之二的獨立董事已就發售批准交易。本公司將提交一份有關發售的重大變動報告，但可於發售結束前少於21天提交，本公司認為在有關情況下是合理的，因為本公司希望儘快完成發售，並要求就發售立即收取代價，以作營運資金之用。
About Signature
關於簽名
The Lingman Lake gold property (the "Property") consists of 1,434 staked claims, four freehold, fully patented claims, and 14 mineral rights patented claims totaling approximately 27,113 hectares. The Property includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-metre shaft, and 3-levels at 46-metres, 84-metres and 122-metres depths. There have been over 28,000 metres of historical drilling done on the Property.
凌曼湖黃金礦產(“該物業”)包括1,434項固定權益、4項永久保有、完全專利權益及14項礦業權專利權益，合共約27,113公頃。該地產包括歷史上被稱為靈曼湖金礦的地下基礎設施，包括一個126.5米長的豎井，以及46米、84米和122米深的三層。在這塊土地上進行了超過28,000米的歷史鑽探。
To find out more about Signature Resources Ltd., visit our website at , or contact:
欲瞭解有關Signature Resources Ltd.的更多資訊，請訪問我們的網站，或聯繫：
Donna McLean
Chief Financial Officer
416-840-6345 or
info@signatureresources.ca
唐娜·麥克萊恩
首席財務官
416-840-6345或
郵箱：info@signatureresources.ca
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