representative work

Signal Gold Completes Sale of the Point Rousse Project to Maritime Resources


On August 21, 2023, Signal Gold Inc. completed the sale of the Point Rousse project to Maritime Resources Corp. Maritime has acquired all common shares of Point Rousse Mining Inc., a wholly owned subsidiary of Signal Gold, which holds all related mineral licenses, fixed assets and equipment, liabilities, rights and obligations related to the Point Rousse project. Signal Gold received $3 million in cash and 23,970,218 common shares of Maritime, valued at approximately $1 million, in the transaction. 

Cassels acted for Signal Gold.

RELATED EXPERTISE: Securities | Mining | Taxation