Signature Announces Completion of Shares for Debt Transaction
SIGNATURE RESOURCES LTD.
TSX-V SGU
SIGNATURE ANNOUNCES COMPLETION OF SHARES FOR DEBT TRANSACTION
FOR IMMEDIATE RELEASE February 11th, 2015
NOT FOR DISTRIBUTION TO THE U.S.A. NEWS WIRE SERVICES OR FOR DISSEMINATION TO THE U.S.A.
February 11, 2015 - Vancouver, British Columbia.
Signature Resources Ltd., (“Signature” or “the Company”) has completed its previously announced shares for debt transaction and has issued 4,000,000 common shares at a deemed price of $0.05 to an arm's length party. The shares are subject to a hold period of four months expiring on June 11, 2015.
Pursuant to the transaction, Betty North, of Orangeville, Ontario, acquired ownership and control over 4,000,000 common shares, representing 13.9% of the issued and outstanding common share of the Company. The Company has been advised that Ms. North acquired these securities for investment purposes, and as discussed in the Early Warning Report filed on SEDAR, may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant.
About the Company
Signature Resources Ltd. is an exploration company, publicly traded on the TSX Venture Exchange (TSX- V) under the symbol SGU, focused on the exploration and development of its Lingman Lake Property, located in Northwestern, Ontario. The property is at a preliminary stage and hosts a historic gold estimate which is to be evaluated to potentially bring the historic estimate to current compliant resource reporting.
Neither the 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 release.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.
ON BEHALF OF THE BOARD OF DIRECTORS OF SIGNATURE RESOURCES LTD.
"Walter Hanych"
Chief Executive Officer (705) 445-0184 http://www.signatureresources.ca/