ISS Backs Signal Gold’s Shareholder Voting Recommendations

Signal Gold Inc. has announced that Institutional Shareholder Services Inc. (ISS) supports recommending shareholders to vote in favor of significant resolutions at the upcoming December 6, 2024 meeting. The strategic resolutions include a merger with NexGold Mining Inc. and a private placement resolution to issue common shares.

ISS, a notable governance advisory firm, emphasized the strategic benefits of the merger. It consolidates large properties, reduces risks, and improves financial standings. As part of the transaction, Signal Gold shareholders will receive a fraction of a NexGold share, ultimately owning 29% of the combined company. Shareholders are encouraged to vote before the December 4 deadline, utilizing resources like the company’s website due to a Canada Post labor strike.