Signature Resources Provides Update on Non-Brokered Private Placement and Closing of a Shares for Debt Transaction

Core Viewpoint - Signature Resources Ltd. has updated its non-brokered private placement, increasing the offering size to C$3,700,000 due to strong investor demand, with proceeds aimed at exploration activities and working capital [1][2]. Group 1: Private Placement Details - The offering includes Charity Flow-Through Units, Flow-Through Units, and Non-Flow-Through Units, with prices set at $0.077, $0.060, and $0.055 per unit respectively [2][3]. - Each unit consists of one common share and one-half of a common-share purchase warrant, with the whole warrant allowing the purchase of an additional common share at $0.10 for 12 months [3][4]. Group 2: Debt Settlement Transaction - The company has completed a shares-for-debt transaction, settling $350,000 of debt through the issuance of 6,363,636 Non-Flow-Through Units at a price of $0.055 per unit [5][6]. - The debt was owed to a non-arm's-length party and originated from a cash advance made on January 2, 2025, with subsequent amendments [6][7]. Group 3: Company Overview - Signature Resources is focused on the Lingman Lake Gold Project, which spans approximately 24,821 hectares and includes historical mining infrastructure [11]. - The property has a mineral resource estimate of 95,200 ounces indicated and 674,320 ounces inferred, with an average grade of 1.38 g/t Au and 1.14 g/t Au respectively [11].