Signature Resources Announces $1.42 Million Flow Through Deal Backstopped BY Crescat Capital Llp
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
SIGNATURE RESOURCES ANNOUNCES $1.42 MILLION FLOW THROUGH DEAL BACKSTOPPED BY
CRESCAT CAPITAL LLP
Toronto, Ontario, March 18, 2021. Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE 3S3)
("Signature" or the "Company") is pleased to announce that it has closed on a non-brokered charity flow
through private placement for 9,090,909 shares at a price of CAD$0.156 per share for gross proceeds of
approximately CAD$1.42 million (the “Offering”). It is important to highlight that the pricing for the
Offering was consummated in early February which re presented a premium of over 40% to Signature’s
share price at that time. Proceeds will be used for flow through exploration at Lingman Lake Gold Project
where ~2,500 metres of drilling has commenced. The shares issued in the Offering will qualify as “flo w-
through shares” (within the meaning of the Income Tax Act (Canada)).
Highlights:
• Crescat Capital LLP (“Crescat”) is a Denver based h edge fund that has experience investing in
gold exploration companies.
• As a result of this investment, Crescat will retain a right to participate in any future financing on
a pro-rata basis of their ownership in Signature.
• Signature’s approved and fully funded exploration b udget of ~2,500 metres with 13 holes
testing multiple sub-vertical parallel zones has commenced.
• Drilling is designed with the intent of conducting step out drill holes and is planned to expand
the known mineralization to the west and down dip using the Company’s 100% owned diamond
drill rig.
“We are very pleased that Crescat Capital has decid ed to join Signature Resources on this
exciting journey as a valued shareholder. We look f orward to building on this newly formed
relationship as we test both the extent of the hist oric resource but also the vast regional
district potential that we see at the Lingman Lake Gold Project. We appreciate the kind and
supportive commentary made by Crescat Capital during their recent webcast 1.”
Robert Vallis, P.Eng.,MBA – President, CEO, and Director
The use of proceeds will be focused on flow through eligible exploration efforts at the Lingman Lake Gold
Project in Ontario.
1 Note that the Lingman Lake Gold Project was histor ically in pre-development and never entered commerc ial
production during the 1940’s.
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
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
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 1,066 crown claims, four free hold full patented claims and 14
mineral rights patented claims totaling 1,084 total claims, approximately 20,124 hectares or 202 squar e
kms. The property hosts an historical estimate of 234,684 oz of gold* (1,063,904 tonnes grading 6.86 g/t
with 2.73 gpt cut-off) and includes what has historically been referred to as the Lingman 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 prio r data and reports obtained and prepared by previou s
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 Gold Property " dated January 31, 2020, prepared by John M.
Siriunas, P.Eng. and Walter Hanych, 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:
Jonathan Held
Chief Financial Officer
416-270-9566
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, including words
to the effect that the Company or management expect s a stated condition or result to occur. Forward-lo oking statements
may be identified by such terms as “believes”, “ant icipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or
“plan”. Since forward-looking statements are based on assumptions and address future events and condit ions, by their very
nature they involve inherent risks and uncertainties. Although these statements are based on information currently available
TSXV-SGU OTCQB-SGGTF FSE-3S3
366 BAY STREET, SUITE 200, TORONTO, ONTARIO M5H 4B2
www.signatureresources.ca
to the Company, the Company provides no assurance t hat actual results will meet management’s expectati ons. Risks,
uncertainties and other factors involved with forwa rd-looking information could cause actual events, r esults, performance,
prospects and opportunities to differ materially fr om those expressed or implied by such forward-looki ng information.
Forward looking information in this news release includes, but is not limited to, use of any private placement proceeds raised,
final acceptance of regulatory filings by the TSX-V , the Company’s objectives, goals or future plans, statements, exploration
results, potential mineralization, the estimation o f mineral resources, exploration and mine developme nt plans, timing of
the commencement of operations and estimates of market conditions and risks associated with infectious diseases, including
COVID-19. Factors that could cause actual results to differ materially from such forward-looking information include, but are
not limited to changes in general economic and fina ncial market conditions, failure to identify minera l resources, failure to
convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production
decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental,
environmental or other project approvals, political risks, inability to fulfill the duty to accommodat e First Nations and other
indigenous peoples, uncertainties relating to the a vailability and costs of financing needed in the fu ture, changes in equity
markets, inflation, changes in exchange rates, fluc tuations in commodity prices, delays in the develop ment of projects,
capital and operating costs varying significantly f rom estimates and the other risks involved in the m ineral exploration and
development industry, and those risks set out in th e Company’s public documents filed on SEDAR. Althou gh the Company
believes that the assumptions and factors used in p reparing the forward-looking information in this ne ws release are
reasonable, undue reliance should not be placed on such information, which only applies 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 for ward-looking information, whether as a result of ne w information, future
events or otherwise, other than as required by law.