Signal Gold Reminds Shareholders to Cast Their Vote for the Upcoming Special Meeting
Signal Gold Inc (TSX:SGNL)(OTCQB:SGNLF) reminds shareholders to vote before the December 4, 2024, deadline for the upcoming Special Meeting on December 6. Due to the Canada Post strike, shareholders are encouraged to vote via internet, telephone, or fax.
The company clarifies that the Debt Restructuring with NexGold Mining Corp is a 'related party transaction' requiring minority shareholder approval. This restructuring is integral to the previously announced arrangement where NexGold will acquire all Signal Gold shares.
Signal Gold is currently advancing the Goldboro Gold Project in Nova Scotia, which features an 11-year open pit mine plan with projected annual gold production of 100,000 ounces and an average grade of 2.26 grams per tonne.
Signal Gold Inc (TSX:SGNL)(OTCQB:SGNLF) ricorda agli azionisti di votare prima della scadenza del 4 dicembre 2024, per l'imminente Assemblea Speciale del 6 dicembre. A causa dello sciopero di Canada Post, si invita gli azionisti a votare tramite internet, telefono o fax.
L'azienda chiarisce che la Ristrutturazione del Debito con NexGold Mining Corp è una 'transazione con parti correlate' che richiede l'approvazione degli azionisti di minoranza. Questa ristrutturazione è fondamentale per l'accordo precedentemente annunciato in cui NexGold acquisirà tutte le azioni di Signal Gold.
Signal Gold sta attualmente portando avanti il Goldboro Gold Project nella Nuova Scozia, che prevede un piano minerario a cielo aperto di 11 anni con una produzione annuale di oro prevista di 100.000 once e un grado medio di 2,26 grammi per tonnellata.
Signal Gold Inc (TSX:SGNL)(OTCQB:SGNLF) recuerda a los accionistas que voten antes de la fecha límite del 4 de diciembre de 2024, para la próxima Junta Especial el 6 de diciembre. Debido a la huelga de Canada Post, se aconseja a los accionistas que voten a través de internet, teléfono o fax.
La empresa aclara que la Reestructuración de Deuda con NexGold Mining Corp es una 'transacción con partes relacionadas' que requiere la aprobación de los accionistas minoritarios. Esta reestructuración es integral para el acuerdo previamente anunciado en el que NexGold adquirirá todas las acciones de Signal Gold.
Signal Gold está avanzando actualmente en el Goldboro Gold Project en Nueva Escocia, que presenta un plan de mina a cielo abierto de 11 años con una producción anual de oro proyectada de 100,000 onzas y un grado promedio de 2.26 gramos por tonelada.
Signal Gold Inc (TSX:SGNL)(OTCQB:SGNLF)는 주주들에게 2024년 12월 4일 마감 기한 이전에 다가오는 특별 회의 투표를 알립니다. 캐나다 우편 서비스 파업으로 인해 주주들은 인터넷, 전화 또는 팩스를 통해 투표할 것을 권장합니다.
회사는 NexGold Mining Corp와의 채무 재구성이 '관련 당사자 거래'로서 소수 주주 승인을 필요로 함을 분명히 합니다. 이 재구성은 NexGold가 Signal Gold의 모든 주식을 인수할 예정인 이전에 발표된 협정의 핵심입니다.
현재 Signal Gold는 노바스코샤에서 Goldboro Gold Project를 진행 중이며, 이 프로젝트는 11년간의 노천 광산 계획을 가지고 있으며 연간 100,000 온스의 금 생산과 톤당 평균 2.26그램의 품위를 예상하고 있습니다.
Signal Gold Inc (TSX:SGNL)(OTCQB:SGNLF) rappelle aux actionnaires de voter avant la date limite du 4 décembre 2024, pour l'assemblée spéciale à venir le 6 décembre. En raison de la grève de Canada Post, les actionnaires sont encouragés à voter par internet, téléphone ou fax.
L'entreprise précise que la restructuration de la dette avec NexGold Mining Corp est une 'transaction entre parties liées' qui nécessite l'approbation des actionnaires minoritaires. Cette restructuration est essentielle à l'accord précédemment annoncé selon lequel NexGold acquerra toutes les actions de Signal Gold.
Signal Gold fait actuellement progresser le Goldboro Gold Project en Nouvelle-Écosse, qui prévoit un plan de mine à ciel ouvert de 11 ans avec une production annuelle d'or projetée de 100 000 onces et une teneur moyenne de 2,26 grammes par tonne.
Signal Gold Inc (TSX:SGNL)(OTCQB:SGNLF) erinnert die Aktionäre daran, bis zur Frist am 4. Dezember 2024 für die bevorstehende Hauptversammlung am 6. Dezember zu stimmen. Aufgrund des Streiks der Canada Post werden die Aktionäre ermutigt, über das Internet, telefonisch oder per Fax zu wählen.
Das Unternehmen stellt klar, dass die Schuldenrestrukturierung mit NexGold Mining Corp eine 'Transaktion mit nahestehenden Personen' ist, die die Genehmigung der Minderheitsaktionäre erfordert. Diese Umstrukturierung ist ein wesentlicher Bestandteil der zuvor angekündigten Vereinbarung, dass NexGold alle Aktien von Signal Gold erwerben wird.
Signal Gold arbeitet derzeit an dem Goldboro Gold Project in Nova Scotia, das einen 11-jährigen Tagebauplan umfasst, mit einer voraussichtlichen jährlichen Goldproduktion von 100.000 Unzen und einem durchschnittlichen Gehalt von 2,26 Gramm pro Tonne.
- None.
- None.
Signal Gold Inc's Special Meeting of Shareholders will be held virtually on Friday, December 6 at 11:00 a.m. Eastern.
Shareholders are encouraged to vote well in advance of the proxy voting deadline on Wednesday, December 4 at 11:00 a.m. Eastern.
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 28, 2024 / Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQB:SGNLF) is reminding its shareholders to vote ahead of the upcoming proxy voting deadline for the special meeting of shareholders (the "Meeting") to be held on Friday, December 6, 2024 at 11:00 a.m. (Eastern Standard Time). In light of the Canada Post labour strike, the Company is encouraging shareholders to vote using the internet, telephone or fax numbers provided in the Circular (as defined below) to ensure their vote is received prior to the proxy voting deadline. 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.
In addition, Signal Gold wishes to clarify certain disclosure included in its management information circular dated November 5, 2024 (the "Circular") with respect to the Arrangement (as defined in the Circular) with NexGold Mining Corp. ("NexGold"). Specifically, it is confirmed that the Debt Restructuring (as defined in the Circular) is a "related party transaction" for Signal Gold, in addition to being a "connected transaction" to the Arrangement. While Signal Gold is exempt from the requirement to obtain a formal valuation in respect of the Debt Restructuring under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), it is not exempt from the requirement to comply with the minority shareholder approval requirements of MI 61-101 in respect of the Debt Restructuring. However, since the Debt Restrucuring is a key condition to the completion of the Arrangement, approval of the Arrangement Resolution (as defined in the Circular) is also approval of the Debt Restructuring. Shareholders voting FOR the Arrangement Resolution will also be considered to be voting FOR the Debt Restructuring, as the Debt Restructuring is part and parcel of the Arrangement. Furthermore, Nebari (as defined in the Circular) is a "related party" of Signal Gold under MI 61-101 and will be excluded from the minority of the majority vote on the Arrangement Resolution (for further details, see page 55 of the Circular).
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 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.
FORWARD-LOOKING STATEMENTS
This news release may contain "forward-looking information" within the meaning of applicable Canadian and United States securities legislation, including, but not limited to, the Meeting. 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.
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.
FOR ADDITIONAL INFORMATION CONTACT:
Signal Gold Inc. | Reseau ProMarket Inc. |
SOURCE: Signal Gold Inc.
View the original press release on accesswire.com
FAQ
When is Signal Gold (SGNLF) Special Meeting of Shareholders scheduled for?
What is the voting deadline for Signal Gold's (SGNLF) Special Meeting?
What is the expected annual gold production at Signal Gold's (SGNLF) Goldboro Project?
What is the proposed merger arrangement for Signal Gold (SGNLF)?
