Signature Announces Closing of Oversubscribed Private Placement
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
Not for distribution to U.S. news wire services or dissemination in the United States
SIGNATURE ANNOUNCES CLOSING OF OVERSUBSCRIBED PRIVATE PLACEMENT
FOR IMMEDIATE RELEASE September 14, 2020
Toronto, Ontario, September 14, 2020 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3)
("Signature" or the "Company ") is pleased to announce the closing of the second and final tranche (the
"Second Tranche ") of its non-brokered private placement announced on August 17, 2020 (the " Offering ).
In the Second Tranche, the Company raised an additional $375,000 by issuing 5,924,000 hard dollar units
("HD Units ") at a price of $0.05 per HD Unit and 1,313,334 fl ow-through units ("FT Units ") at a price of
$0.06 per FT Unit, resulting in $1,545,034 of aggre gate gross proceeds of the Offering.
Each HD Unit issued pursuant to the Offering, inclu ding the Second Tranche, consists of one common
share of the Company (each, a " Common Share ") and one common share purchase warrant (each, a
"Warrant "). Each FT Unit consists of one common share of th e Company issued on a flow-through basis
(" FT Share ") and one half of one (1/2) Warrant. Each whole Wa rrant issued pursuant to the Second
Tranche will be exercisable into one Common Share at a price of $0.10 until September 11, 2022, provided
that if after four months and one day following the closing of the Second Tranche, the closing price of the
Company's Common Shares on the TSX Venture Exchange is equal to or greater than $0.20 for 10
consecutive trading days, then the Company may acce lerate the expiry date of the Warrants by
disseminating a press release and in such case the Warrants will expire on the 30th day after the date on
which such press release is disseminated by the Com pany. The FT Shares will qualify as “flow-through
shares” (within the meaning of the Income Tax Act (Canada)).
In connection with the Second Tranche. the Company paid aggregate cash finder's fees of $18,500 and
issued 360,400 finder's warrants (each, a " Finder's Warrant "). Each Finder's Warrant is exercisable to
acquire one Common Share at a price of $0.05 (for F inder's Warrants issued pursuant to the sale of HD
Units) and $0.06 (for Finder's Warrants issued pursuant to the sale of FT Units) for a period of 24 months
following closing of the Second Tranche.
All securities issued in the Second Tranche of the Offering, including the Finder's Warrants, are subject to
a statutory hold period expiring on January 12, 2021.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities,
nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale
is unlawful. These securities have not been, and will not be, registered under the United States Securities
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States
or to U.S. persons unless registered or exempt therefrom.
About Signature
The Lingman Lake gold property consists of 622 staked claims, four free hold full patented claims and 14
mineral rights patented claims totaling approximate ly 12,148 hectares. The property hosts an historica l
estimate of 234,684 oz of gold* (1,063,904 tonnes g rading 6.86 g/t with 2.73 gpt cut-off) and includes
what has historically been referred to as the Lingm an Lake Gold Mine, an underground substructure
consisting of a 126.5-meter shaft, and 3-levels at 46-meters, 84-meters and 122-meters depths.
This historical resource estimate is based on prior data and reports obtained and prepared by previous
operators, and information provided by governmental authorities. A Qualified Person has not done
sufficient work to verify the classification of the mineral resource estimates in accordance with curr ent
CIM categories. The Company is not treating the his torical estimate as a current NI 43-101 mineral
resource estimate. Establishing a current mineral r esource estimate on the Lingman Lake deposit will
require further evaluation, which the Company and i ts consultants intend to complete in due course.
Additional information regarding historical resource estimates is available in the technical report entitled,
"Technical Report on the Lingman Lake Property" dated December 20, 2013, prepared by Walter Hanych,
P.Geo., and Frank Racicot, P.Geo., available on the Company's SEDAR profile 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
705.446.5379
Cautionary Notes
Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in the poli cies of the TSX
Venture Exchange) accepts responsibility for the ad equacy 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 describe the Company's future plans, objectives or goals, includ ing words to the effect that
the Company or management expects a stated conditio n or result to occur. Forward-looking statements ma y be identified by such
terms as "believes", "anticipates", "expects", "est imates", "may", "could", "would", "will", or "plan" . Since forward-looking
statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and
uncertainties. Although these statements are based on information currently available to the Company, the Company provides no
assurance that actual results will meet management' s expectations. Risks, uncertainties and other fact ors involved with forward-
looking information could cause actual events, resu lts, performance, prospects and opportunities to di ffer materially from those
expressed or implied by such forward-looking inform ation. Forward looking information in this news rel ease includes, but is not
limited to, use of proceeds of the Offering, accept ance of regulatory filings by the Exchange, the Com pany's objectives, goals or
future plans, statements, exploration results, pote ntial mineralization, the estimation of mineral res ources, exploration and mine
development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
results to differ materially from such forward-look ing information include, but are not limited to cha nges in general economic and
financial market conditions, failure to identify mi neral resources, failure to convert estimated miner al resources to reserves, the
inability to complete a feasibility study which rec ommends a production decision, the preliminary natu re of metallurgical test
results, delays in obtaining or failures to obtain required governmental, environmental or other proje ct approvals, political risks,
inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and
costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rat es, fluctuations in commodity
prices, delays in the development of projects, capi tal and operating costs varying significantly from estimates and the other risks
involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on
SEDAR. Although the Company believes that the assum ptions and factors used in preparing the forward-lo oking information in this
news release are reasonable, undue reliance should not be placed on such information, which only appli es as of the date of this
news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims
any intention or obligation to update or revise any forward-looking information, whether as a result o f new information, future
events or otherwise, other than as required by law.