on Signal Gold Inc. (NASDAQ:SGNLF)
Signal Gold Shareholders Approve Merger with NexGold Mining
Signal Gold Inc. announced its shareholders have approved a merger with NexGold Mining Corp. The approval was given during a special meeting, with the resolution reaching 95.773% approval. NexGold will acquire all of Signal Gold's common shares as part of the merger, enhancing its position as a gold developer in both Ontario and Nova Scotia.
The merger includes a private placement, which was also approved, allowing Signal Gold to issue additional shares. The company expects the transaction to be effective by December 13, 2024, pending a final court order.
If completed, Signal Gold shares will be delisted from TSX and OTCQB. Further details are available on SEDAR+ under Signal Gold's profile.
R. H.
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