Signal Gold (TSE:SGNL) has released an update.
NexGold Mining Corp. and Signal Gold Inc. have announced a merger to form a leading Canadian gold development company, boasting a significant resource base of 4.7 million ounces of gold and a strategic plan targeting over 200,000 ounces of annual gold production. The merged entity will also benefit from a combined $11.5 million private placement financing and a debt restructuring plan to solidify its financial position and advance its gold projects.
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