Signature Resources Expands Equity Financing Due to High Demand

The latest update is out from Signature Resources ( (TSE:SGU) ).

Signature Resources Ltd. has increased its non-brokered private placement offering from C$1,000,000 to C$1,400,000 due to strong demand. The proceeds will be allocated towards completing the maiden NI 43-101, final expenses for the 2024 drilling program, and general working capital, with insiders expected to subscribe for about 50% of the offering.

More about Signature Resources

Signature Resources Ltd. operates in the mining industry, focusing on the exploration and development of gold properties. The company’s primary asset is the Lingman Lake gold property, which includes historical drilling and underground structures, located in Ontario, Canada.

YTD Price Performance: 66.67%

Average Trading Volume: 81,067

Technical Sentiment Signal: Sell

Current Market Cap: C$8.18M

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