Signature Resources Announces Closing of Final Tranche of Private Placement
12338903.2
Not for distribution to U.S. news wire services or dissemination in the United States
SIGNATURE RESOURCES LTD.
SIGNATURE RESOURCES ANNOUNCES CLOSING OF FINAL TRANCHE
OF PRIVATE PLACEMENT
FOR IMMEDIATE RELEASE October 29, 2018
Toronto, Ontario, October 29, 2018 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF )
("Signature" or the " Company ") is pleased to announce that, further to its pres s releases dated May 15,
2018, June 25, 2018 and July 26, 2018, today it closed the third and final tranche (the “Final Tranche ”) of
its previously announced non-brokered private place ment (the “ Financing ”). The Final Tranche resulted
in the Company issuing 3,729,317 NFT Units (as defi ned herein) for gross proceeds of approximately
$447,508 . Together with the first tranche closed on June 25 , 2018 and the second tranche closed on July
26, 2018, the Financing has resulted in aggregate gross proceeds of approximately $1,502,108. No finders’
fees were paid upon closing of the Final Tranche.
Mr. Walter Hanych, Chief Executive Officer of the C ompany, commented, “We are happy to receive the
support from the market as we have closed on an amo unt greater than our initial goal.”
The Financing consisted of non-flow-through units (“ NFT Units ”) at a price of $0.12 per NFT Unit, flow-
through shares (“ FT Shares ”) at a price of $0.135 per FT Share, and flow through units (each a “FT Unit ”)
at a price of $0.14 per FT Unit. Each NFT Unit cons ists of one common share of the Company and one
warrant (a “ Warrant ”). Each FT Unit consists of one flow-through commo n share and one-half of one
Warrant. Each whole Warrant will entitle the holder thereof to acquire an additional common share (a
“ Warrant Share ”) of the Company at an exercise price of $0.25 per Warrant Share for a period of 2 years
from the date of issuance, provided that if after f our (4) months and one (1) day following the closin g of
the Financing, the closing price of the Company's c ommon shares on the TSX Venture Exchange is equal
to or greater than $0.40 for 10 consecutive trading days, then the Company may accelerate 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 Company.
Proceeds of this Financing will be used to further finance the Company’s prospecting, drilling and oth er
exploration and development expenses and activities and for general corporate purposes. Proceeds from the
sale of Flow-Through Shares will be used to incur eligible Canadian exploration expenses, as defined under
the Income Tax Act (Canada) (“ Qualifying Expenditures ”), on or before December 31, 2019. The
Company will renounce the Qualifying Expenditures t o investors with an effective date of no later than
December 31, 2018.
Securities issued pursuant to the Final Tranche are subject to a statutory four-month plus one day hol d
period , which will expire on March 2, 2019.
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 jurisdiction in which such offer, solicitation or sale
is unlawful. These securities have not been, and wi ll not be, registered under the United States Secur ities
Act of 1933, as amended, or any state securities la ws, and may not be offered or sold in the United St ates
or to U.S. persons unless registered or exempt therefrom.
12338903.2
About Signature
The Lingman Lake gold property consists of four fre e hold patented claims and 762 single cell staked
claims, comprising 15,096.3 hectares. The property hosts an historic estimate of 234,684 oz of gold*
(1,063,904 tonnes grading 6.86 g/t with 2.73 gpt cu t-off) and includes what has historically been refe rred
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 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 current CIM
categories. The Company is not treating the histori cal estimate as a current NI 43-101-compliant miner al
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 en titled,
“Technical Report on the Lingman Lake Property” dat ed 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
President and Chief Executive Officer
705.445.0184
Cautionary Notes
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.
Forward-looking statements include estimates and st atements that describe the Company’s future plans,
objectives or goals, including words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking state ments may be identified by such terms as “believes” ,
“anticipates”, “expects”, “estimates”, “may”, “coul d”, “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 factors involved with forward-looking information could cause
actual events, results, performance, prospects and opportunities to differ materially from those expre ssed
or implied by such forward-looking information. For ward looking information in this news 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 m ineralization, the estimation of mineral resources,
exploration and mine development plans, timing of t he commencement of operations and estimates of
market conditions. Factors that could cause actual results to differ materially from such forward-look ing
information include, but are not limited to changes in general economic and financial market condition s,
failure to identify mineral 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, environme ntal
or other project approvals, political risks, inabil ity to fulfill the duty to accommodate First Nation s and
other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the
future, changes in equity markets, inflation, chang es in exchange rates, fluctuations in commodity pri ces,
12338903.2
delays in the development of projects, capital 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 assumptions and
factors used in preparing the forward-looking infor mation in this news release are reasonable, undue
reliance should not be placed on such information, which only applies as of the date of this news rele ase,
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 up date or revise any forward-looking information,
whether as a result of new information, future events or otherwise, other than as required by law.