On July 10, 2023, Signal Gold Inc. completed the consolidation of the majority of the Goldboro Gold District in Nova Scotia through staking and third-party transactions.
Signal Gold acquired two exploration mineral licenses to the east of the Goldboro Deposit for total purchase consideration of $100,000 in cash, the issuance of 639,004 common shares and assumed an existing 2% gross royalty which applies to the two exploration licenses acquired.
Signal Gold also acquired sixteen exploration mineral licenses to the west of the Goldboro Deposit for a total purchase consideration of $100,000 in cash, the issuance of 2,529,933 and granted a 2% gross sales royalty to the third-party vendor with applies to the exploration licenses acquired.
Cassels acted for Signal Gold.