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Signature Resources Raises C$609,000 Via Non-Brokered Private Placement

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Signature Resources (SGU.V) closed its non-brokered private placement offering, raising C$609,000, it said in a statement on Wednesday.

The offering consisted of the issuance of 11.3-million flow-through units (FT units) and 2.5-million non-flow-through units (NFT units). Each FT unit has been issued at C$0.045 and each NFT unit has been issued at C$0.04 per unit, it said.

Proceeds will be used for field exploration activities on its regional prospects, metallurgical studies and for general working capital needs, it said.

Shares of the company closed up 14% to C$0.04 on Tuesday on the TSX Venture Exchange.

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