07:46:02 EDT Tue 07 Jul 2026
Enter Symbol
or Name
USA
CA



Signature Resources Ltd (2)
Symbol SGU
Shares Issued 246,235,016
Close 2026-07-06 C$ 0.04
Market Cap C$ 9,849,401
Recent Sedar+ Documents

Signature arranges $600,000 private placement

2026-07-07 03:56 ET - News Release

Mr. Dan Denbow reports

SIGNATURE RESOURCES ANNOUNCES EQUITY FINANCING

Signature Resources Ltd. has arranged a non-brokered private placement of flow-through units and non-flow-through units for gross proceeds of up to $600,000. It is anticipated that insiders will subscribe for at least 15 per cent of the offering.

Each FT unit will be issued at a price of 4.5 cents per FT unit and will consist of one common share of the company to be issued as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share at an exercise price of eight cents per warrant share for a period of 12 months from the date of issuance.

Each NFT unit will be issued at a price of four cents per NFT unit and will consist of one common share and one-half of one warrant. Each whole warrant will entitle the holder to acquire one additional warrant share at an exercise price of eight cents per warrant share for a period of 12 months from the date of issuance.

The common shares of the FT units will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada). The warrant shares will not qualify as flow-through shares. All securities issued pursuant to the offering will be subject to a four-month hold period in accordance with applicable securities laws and TSX Venture Exchange policies.

The net proceeds from the offering will be used for field exploration programs, including mapping and sampling on regional prospects, metallurgical testwork and general working capital purposes. None of the proceeds will be used for investor relations service providers. The company intends to pay finders' fees in accordance with the policies of the TSX Venture Exchange. Closing of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

About Signature Resources Ltd.

The company is a Canadian-based advanced-stage exploration company focused on expanding the 100-per-cent-owned Lingman Lake gold deposit, located within the prolific Red Lake district in Northwestern Ontario, Canada. The Lingman Lake gold property consists of 25 single-cell and 159 multicell staked claims, four freehold fully patented claims, and 14 mineral rights patented claims totalling approximately 23,033 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 three levels at depths of 46 metres, 84 metres and 122 metres. There has been over 43,222 metres of drilling done on the property and four 500-pound bulk samples that averaged 19 grams per tonne of gold. The company's initial mineral resource estimate was published in the report entitled "NI 43-101 Technical Report on the Lingman Lake Property" dated May 31, 2025, prepared by Gehard Kiessling, PGeo, Farshid Ghazanfari, PGeo, Marin Drennan, PEng, Cameron Finlayson and Jeff Plate, CFA, PGeo, of Watts, Griffis and McOuat Geologic Mining Consultants. The initial published mineral resource was estimated to contained 2.145 million tonnes of material grading 1.38 grams per tonne gold for an estimated 95,200 ounces in the indicated category and 18,398,000 tonnes of material with an average grade of 1.14 g/t Au for an estimated 674,320 ounces in the inferred category at a cut-off grade of 0.30 g/t. The company is focused on rapidly expanding the known mineralized envelope with its 100-per-cent-owned diamond drilling rigs. In November, 2023, Wataynikaneyap Power energized a new 115-kilovolt high-tension transmission line within 40 kilometres of the historic Lingman Lake mine.

We seek Safe Harbor.

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