Brief: NexGold And Signal Gold Announce Merger

Signal Gold

10/10/2024 12:54

Oct 10 (Reuters) - NeXGold Mining Corp  NEXG.V :
    * NEXGOLD AND SIGNAL GOLD ANNOUNCE MERGER TO CREATE ONE OF
CANADA’S MOST ADVANCED NEAR-TERM GOLD DEVELOPERS WITH A
COMBINED 4.7 MILLION GOLD OUNCES OF MEASURED AND INDICATED
RESOURCES AND A PLAN TO ACHIEVE 200,000+ OUNCES OF ANNUAL
PRODUCTION
    * SIGNAL GOLD INC: EACH SGNL SHARE WILL BE EXCHANGED FOR
0.1244 OF
A NEXG SHARE
    * SIGNAL GOLD INC - COMBINED COMPANY PLANS PRODUCTION OF
OVER
200,000 OUNCES PER YEAR
    * SIGNAL GOLD INC - JIM GOWANS TO CHAIR COMBINED COMPANY'S
BOARD
    * SIGNAL GOLD INC - KEVIN BULLOCK TO BE CEO OF COMBINED
COMPANY
    * SIGNAL GOLD INC - NEXGOLD SHAREHOLDERS TO OWN 71%, SIGNAL
SHAREHOLDERS TO OWN 29% POST-TRANSACTION

Source text for Eikon:  ID:nGNXc9GvyW 
Further company coverage:  NEXG.V 

 ((Reuters.Briefs@thomsonreuters.com;))