On October 9, 2024, NexGold Mining Corp. (“NexGold”) and Signal Gold Inc. (“Signal”) entered into a definitive arrangement agreement to combine the two companies and create a top near-term gold developer advancing NexGold’s Goliath Gold Complex Project in Northern Ontario and Signal’s Goldboro Gold Project in the historic Goldboro Gold District in Nova Scotia. Pursuant to the Transaction, NexGold will acquire all the issued and outstanding common shares of Signal (“Signal Shares”) in exchange for common shares of NexGold (“NexGold Shares”) by way of a plan of arrangement under the Business Corporations Act (Ontario), under which each Signal share will be exchanged for 0.1244 of a NexGold Share.
Cassels acted for Signal.