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NexGold and Signal Gold Complete Joint Financing for $18.5 million
Nov 06, 2024•over 1 year ago
Contract Type
partnership
TorontoMiningData Mining
Description
NexGold Mining Corp. and Signal Gold Inc. have closed an oversubscribed and upsized concurrent financing for a total of $18.5 million. This financing is carried out in connection with the proposed plan of arrangement, where NexGold will acquire all of the shares of Signal to create a near-term gold developer.
Company Information
Company
NexGold Mining
Location
Toronto, Ontario, Canada
About
NexGold Mining Corp. is a gold-focused exploration and development company with assets in Canada and is listed on the TSX Venture Exchange (“TSXV”) under the symbol “NEXG” and on the OTCQX® Best Market under the symbol TSRMF. NexGold’s 100%-owned Goliath Gold Complex in northwestern Ontario has received federal government permission to proceed on final authorizations and permits, following successful completion of the environmental assessment process. The Goliath Gold Complex is slated to become one of Canada’s next producing gold mines.
TorontoMiningData Mining