representative work

Signal Gold Amends Credit Facility with Nebari


On November 6, 2023, Signal Gold Inc. executed an amendment to its credit facility dated February 16, 2023 with Nebari Gold Fund 1 LP, Nebari Natural Resources Credit Fund I LP, and Nebari Natural Resources Credit Fund II LP (each as Lender and collectively, “Nebari”). Under the terms of the amendment, the interest capitalization period shall be extended by six months from March 31, 2024 to September 20, 2024.

In connection with the amendment, Signal Gold has agreed to cancel the existing 15,413,508 common share purchase warrants issued to Nebari and issue 25,413,508 common share purchase warrants to Nebari. Each common share purchase warrant granted will entitle the holder to acquire one common share of Signal Gold at a price of $0.243 per common share for a period of three years from the date of issuance.

Cassels acted for Signal Gold.

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