10:18 AM EST - Signal Gold Inc. : Proposes to complete a non-brokered private placement to raise gross proceeds of up to $2,000,000.The Offering will consist of up to 1,266,666 units of the Company at a price of $0.15 per Unit, and up to 10,775,000 "flow-through" units of the Company at a price of $0.17 per FT Unit. Each Unit will consist of one common share in the capital of the Company and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"). Each FT Unit will consist of one Common Share to be issued as a "flow-through share" as defined in subsection 66 (15) of the Income Tax Act (Canada) and one-half of one Warrant, to be issued on a non-flow-through basis. Signal Gold Inc.
shares T.SGNL are trading up $0.01 at $0.14.
