Signal Gold Completes Mailing of Proxy Materials for Upcoming Shareholder Meeting
Signal Gold has distributed meeting materials to shareholders for a Special Meeting on December 6, 2024, regarding two key proposals: the approval of a business combination with NexGold Mining and the authorization of a non-brokered private placement share issuance. Due to a Canada Post labour strike, shareholders are encouraged to access materials electronically and vote by December 4, 2024. The company is advancing the Goldboro Gold Project in Nova Scotia, which has a positive Feasibility Study showing an 11-year open pit mine life with average annual gold production of 100,000 ounces at 2.26 g/t gold grade.
Signal Gold ha distribuito il materiale per l'incontro agli azionisti per una Riunione Straordinaria il 6 dicembre 2024, riguardo a due proposte chiave: l'approvazione di una combinazione aziendale con NexGold Mining e l'autorizzazione di un'emissione di azioni in private placement non mediato. A causa di uno sciopero dei lavoratori di Canada Post, si invita gli azionisti ad accedere ai materiali in formato elettronico e a votare entro il 4 dicembre 2024. L'azienda sta portando avanti il Goldboro Gold Project nella Nuova Scozia, che ha mostrato una Valutazione di Fattibilità positiva con una vita utile della miniera a cielo aperto di 11 anni e una produzione annuale media di oro di 100.000 once a un grado di oro di 2,26 g/t.
Signal Gold ha distribuido materiales para la reunión a los accionistas para una Reunión Especial el 6 de diciembre de 2024, en relación con dos propuestas clave: la aprobación de una combinación empresarial con NexGold Mining y la autorización de una emisión de acciones en colocación privada no mediada. Debido a una huelga laboral de Canada Post, se anima a los accionistas a acceder a los materiales electrónicamente y a votar antes del 4 de diciembre de 2024. La compañía está avanzando en el Goldboro Gold Project en Nueva Escocia, que tiene un Estudio de Viabilidad positivo que muestra una vida útil de mina a cielo abierto de 11 años, con una producción anual promedio de oro de 100,000 onzas y una ley de oro de 2.26 g/t.
Signal Gold는 2024년 12월 6일에 열리는 특별 회의에 대한 자료를 주주들에게 배포했습니다. 회의에서는 NexGold Mining과의 사업 결합 승인 및 비중개 사모 배치 주식 발행 승인이라는 두 가지 핵심 제안이 논의됩니다. 캐나다 우체국의 노동 쟁의로 인해 주주들은 전자적으로 자료에 접근하고 2024년 12월 4일까지 투표할 것을 권장합니다. 회사는 노바스코샤의 Goldboro Gold Project를 진전시키고 있으며, 이는 11년의 노천 채굴 광산 수명과 연 평균 금 생산량이 100,000온스이며 금 등급이 2.26 g/t인 긍정적인 타당성 조사를 보여줍니다.
Signal Gold a distribué des documents de réunion aux actionnaires pour une Assemblée Générale Extraordinaire qui se tiendra le 6 décembre 2024, concernant deux propositions clés : l'approbation d'une combinaison d'affaires avec NexGold Mining et l'autorisation d'une émission d'actions en placement privé non médié. En raison d'une grève des travailleurs de Canada Post, les actionnaires sont encouragés à accéder aux documents par voie électronique et à voter avant le 4 décembre 2024. La société fait progresser le Goldboro Gold Project en Nouvelle-Écosse, qui dispose d'une étude de faisabilité positive montrant une durée de mine à ciel ouvert de 11 ans avec une production annuelle moyenne d'or de 100 000 onces à une teneur en or de 2,26 g/t.
Signal Gold hat den Aktionären Materialien für eine außerordentliche Hauptversammlung am 6. Dezember 2024 zur Verfügung gestellt, die zwei wichtige Vorschläge behandelt: die Genehmigung einer Unternehmenszusammenschluss mit NexGold Mining und die Genehmigung einer nicht vermittelten Privatplatzierung von Aktien. Aufgrund eines Arbeitskampfes bei Canada Post werden die Aktionäre ermutigt, die Materialien elektronisch zuzugreifen und bis zum 4. Dezember 2024 abzustimmen. Das Unternehmen fördert das Goldboro Gold Project in Nova Scotia, das eine positive Machbarkeitsstudie aufweist und eine Lebensdauer der Tagebau-Mine von 11 Jahren mit einer durchschnittlichen Jahresproduktion von 100.000 Unzen Gold bei einer Goldgehalt von 2,26 g/t aufzeigt.
- Goldboro Project Feasibility Study shows 11-year mine life with 100,000 oz annual gold production
- Strategic merger with NexGold Mining to create advanced near-term gold developer
- Significant resource expansion potential at Goldboro Project
- Large land position of 28,525 hectares in Goldboro Gold District
- Potential shareholder dilution from proposed private placement
Signal Gold Inc. has mailed its meeting materials to shareholders in advance of the Special Meeting to be held on Friday, December 6 at 11:00 a.m. (EST)
Shareholders are advised to vote their shares well in advance of the proxy voting deadline on Wednesday, December 4 at 11:00 a.m. (EST).
Shareholders who have questions or need assistance in voting should contact Laurel Hill Advisory Group by telephone at 1-877-452-7184 (North American Toll Free) or 1-416- 304-0211 (Outside North America), or by email at assistance@laurelhill.com
TORONTO, ON / ACCESSWIRE / November 18, 2024 / Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQB:SGNLF) is pleased to confirm that the Notice of Meeting and Information Circular of the Company dated November 5, 2024 and the related letter of transmittal and form of proxy (collectively, the "Meeting Materials") have been mailed to shareholders of record as at November 4, 2024. Signal Gold also confirms that the Meeting Materials can be accessed online under the Company's profile on SEDAR+ (www.sedarplus.com), on the Company's website at https://www.signalgold.com/investors/2024-special-meeting or shareholders can request copies from the Company by email to rdufour@signalgold.com.
The Meeting Materials are being distributed in connection with the special meeting of the shareholders of the Company to approve: (i) a special resolution authorizing and approving an arrangement under Section 182 of the Business Corporations Act (Ontario), whereby Signal Gold will combine with NexGold Mining Inc., and (ii) an ordinary resolution with respect to the issuance by Signal Gold, on a non-brokered basis pursuant to a private placement, of up to such number of common shares of Signal Gold as may be required to be issued in connection with the private placement, as announced on November 6, 2024, all as described in the Information Circular. This meeting has been set for 11:00 a.m. (EST) on December 6, 2024, virtually via live webcast available online using the TSX meeting platform at https://virtual-meetings.tsxtrust.com/1723 (Meeting ID#1723; Password: signal2024 (case sensitive)).
In light of the Canada Post labour strike, the Company is encouraging shareholders to access the Meeting Materials electronically as noted above, and that registered shareholders vote online or deliver proxies by courier, and registered shareholders with physical share certificates to complete and return letters of transmittal by hand or courier to ensure the appropriate documents are received in a timely manner. Signal Gold shareholders are encouraged to vote using the internet, telephone or fax numbers provided in the Information Circular to ensure their vote is received prior to the voting cut off on December 4, 2024, at 11:00 a.m. (EST).
For assistance in voting your shares, please contact Laurel Hill Advisory Group by telephone at 1-877-452-7184 toll-free in Canada, at 416-304-0211 for international calls, or by e-mail at assistance@laurelhill.com.
ABOUT SIGNAL GOLD
Signal Gold is advancing the Goldboro Gold Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study which demonstrates an approximately 11-year open pit life of mine with average gold production of 100,000 ounces per annum and an average diluted grade of 2.26 grams per tonne gold. (Please see the ‘NI 43-101 Technical Report and Feasibility Study for the Goldboro Gold Project, Eastern Goldfields District, Nova Scotia' on January 11, 2022, for further details). The Goldboro Project has significant potential for further Mineral Resource expansion, particularly towards the west along strike and at depth, and the Company has consolidated 28,525 hectares (~285 km2) of prospective exploration land in the Goldboro Gold District.
On October 10, 2024, Signal Gold announced that it had entered into a definitive agreement to combine with NexGold Mining Corp.("NexGold") to create one of Canada's most advanced near-term gold developers. The combined entity will be focused on advancing NexGold's Goliath Gold Complex Project in Northern Ontario and Signal's Goldboro Project in the Goldboro Gold District in Nova Scotia. Pursuant to the definitive agreement, NexGold will acquire all the issued and outstanding common shares of Signal Gold in exchange for common shares of NexGold by way of a plan of arrangement.
This news release has been reviewed and approved by Kevin Bullock, P. Eng., President and CEO with Signal Gold Inc., a "Qualified Person", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation, including, but not limited to, the advancement of the Goldboro Gold Project and the Feasibility Study and results thereof. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Signal Gold to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current production, development and exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of resources, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in Signal Gold's annual information form for the year ended December 31, 2023, available on www.sedarplus.ca. Although Signal Gold has attempted to identify important factors, assumption and risks that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors, assumptions and risks that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Signal Gold does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
FOR ADDITIONAL INFORMATION CONTACT:
Signal Gold Inc. | Reseau ProMarket Inc. |
SOURCE: Signal Gold Inc.
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FAQ
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