Signature Announces Closing of Final Tranche of Oversubscribed Private Placement
SIGNATURE RESOURCES LTD.
SIGNATURE ANNOUNCES CLOSING OF FINAL TRANCHE OF OVERSUBSCRIBED
PRIVATE PLACEMENT
FOR IMMEDIATE RELEASE December 22, 2017
Not for distribution to U.S. news wire services or dissemination in the United States
Toronto, Ontario, December 22, 2017 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF )
(“ Signature” or the “ Company ”) is pleased to announce the closing today of the second and final tranche (the
“ Second Tranche ”) of its previously-announced non-brokered private placement (the “ Financing ”) of Hard-
Dollar Units (as herein defined) at $0.08 per Hard- Dollar Unit, and Flow-Through Units (as herein defi ned) at
$0.10 per Flow-Through Unit. Together with the firs t tranche closed on November 14, 2017, the Financi ng has
resulted in aggregate proceeds of approximately $75 7,000. In order to accommodate demand, the Company has
increased the size of the Financing by $7,000 since its press release of December 14, 2017.
Mr. Walter Hanych, Chief Executive Officer of the C ompany, commented, “We are happy to receive the sup port
from the market as we have closed on an amount grea ter than our initial goal.”
The Company raised gross proceeds of $440,000 pursu ant to the Second Tranche through the issuance of
1,500,000 Hard Dollar Units and 3,200,000 Flow-Thro ugh Units. Each “ Hard-Dollar Unit ” consists of one
common share of the Company (each, a “ Common Share ”) and one common share purchase warrant (each, a
“ Warrant ”). Each “ Flow-Through Unit ” consists of one common share of the Company issue d on a flow-through
basis and one half of one (1/2) Warrant. Each whole Warrant is exercisable to purchase one Common Shar e at a
price of $0.15 for a period of 24 months from the i ssue date, provided that if after four months and o ne day
following the closing of the Financing, the closing price of the Common Shares on the TSX Venture Exch ange is
equal to or greater than $0.25 for 10 consecutive t rading days, then the Company may accelerate the ex piry date of
the Warrants by disseminating a press release and i n such case the Warrants will expire on the 90th da y after the
date on which such press release is disseminated by the Company. In connection with the Financing, the Company
paid cash finder's fees of $25,600 and issued 256,0 00 finder's warrants (each, a “ Finder's Warrant ”). Each Finder's
Warrant is exercisable to purchase one Common Share at a price of $0.10 for a period of 24 months from the issue
date.
Signature intends to use the proceeds of the Financ ing for general working capital purposes, and for t he
development of the Company's Lingman Lake Project. Proceeds from the sale of Flow-Through Units will b e used
to incur eligible Canadian exploration expenses, as defined under the Income Tax Act (Canada) (“ Qualifying
Expenditures ”), on or before December 31, 2018. The Company wil l renounce the Qualifying Expenditures to
investors with an effective date of no later than December 31, 2017.
Securities issued pursuant to the Second Tranche ar e subject to a statutory hold period, which will ex pire on April
23, 2018.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these s ecurities, nor shall it
constitute an offer, solicitation or sale in any ju risdiction in which such offer, solicitation or sal e is unlawful. These
securities have not been, and will not be, register ed under the United States Securities Act of 1933, as amended, or
any state securities laws, and may not be offered o r sold in the United States or to U.S. persons unle ss registered or
exempt therefrom.
About Signature
Signature’s Lingman Lake gold property consists of four free hold patented claims and the 50 staked cl aims, totaling
9,896.8 hectares. The property hosts an historic es timate of 234,684 oz. of gold* (1,063,904 tonnes gr ading 6.86 g/t
with 2.73 gpt cut-off) and includes what has histor ically been referred to as the Lingman Lake Gold Mi ne, an
underground substructure consisting of a 126.5-mete r shaft, and 3-levels at 46-meters, 84-meters and 1 22-meters
depths.
*This historical resource estimate is based on prior data and reports obtained and prepared by previous operators,
and information provided by governmental authoritie s. A Qualified Person has not done sufficient work to verify the
classification of the mineral resource estimates in accordance with current CIM categories. The Compan y is not
treating the historical estimate as a current NI 43 -101-compliant mineral resource estimate. Establish ing a current
mineral resource estimate on the Lingman Lake depos it will require further evaluation, which the Compa ny and its
consultants intend to complete in due course. Addit ional information regarding historical resource est imates is
available in the technical report entitled, “Techni cal Report on the Lingman Lake Property” dated Dece mber 20,
2013, prepared by Walter Hanych, P.Geo., and Frank Racicot, P.Geo., available on the Company’s SEDAR p rofile
at www.sedar.com
To find out more about Signature Resources Limited, visit our website at www. signatureresources .ca , or contact:
Walter Hanych
Chief Executive Officer
705.445.0184
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release contains forward-looking statemen ts which are not statements of historical fact. For ward-looking
statements include estimates and statements that de scribe the Company’s future plans, objectives or go als, including
words to the effect that the Company or management expects a stated condition or result to occur. Forw ard-looking
statements may be identified by such terms as “beli eves”, “anticipates”, “expects”, “estimates”, “may” , “could”,
“would”, “will”, or “plan”. Since forward-looking s tatements are based on assumptions and address futu re events
and conditions, by their very nature they involve i nherent risks and uncertainties. Although these sta tements are
based on information currently available to the Com pany, the Company provides no assurance that actual results
will meet management’s expectations. Risks, uncerta inties and other factors involved with forward-look ing
information could cause actual events, results, per formance, prospects and opportunities to differ mat erially from
those expressed or implied by such forward-looking information. Forward looking information in this ne ws release
includes, but is not limited to, use of proceeds of the Financing, the Company’s objectives, goals or future plans,
statements, exploration results, potential minerali zation, the estimation of mineral resources, explor ation and mine
development plans, timing of the commencement of op erations and estimates of market conditions. Factor s that
could cause actual results to differ materially fro m such forward-looking information include, but are not limited to
changes in general economic and financial market co nditions, failure to identify mineral resources, fa ilure to
convert estimated mineral resources to reserves, th e inability to complete a feasibility study which r ecommends a
production decision, the preliminary nature of meta llurgical test results, delays in obtaining or fail ures to obtain
required governmental, environmental or other proje ct approvals, political risks, inability to fulfill the duty to
accommodate First Nations and other indigenous peop les, uncertainties relating to the availability and costs of
financing needed in the future, changes in equity m arkets, inflation, changes in exchange rates, fluct uations in
commodity prices, delays in the development of proj ects, capital and operating costs varying significa ntly from
estimates and the other risks involved in the miner al exploration and development industry, and those risks set out in
the Company’s public documents filed on SEDAR. Alth ough the Company believes that the assumptions and factors
used in preparing the forward-looking information i n this news release are reasonable, undue reliance should not
be placed on such information, which only applies a s of the date of this news release, and no assuranc e can be given
that such events will occur in the disclosed time f rames or at all. The Company disclaims any intentio n or obligation
to update or revise any forward-looking information , whether as a result of new information, future ev ents or
otherwise, other than as required by law.