Signature Resources Announces Closing of First Tranche of Private Placement
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Not for distribution to U.S. news wire services or dissemination in the United States
SIGNATURE RESOURCES ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT
Toronto, Ontario, April 18, 2019 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF ) ("Signature" or the
"Company ") is pleased to announce that it has closed the fi rst tranche (the “ First Tranche ”) of its non-
brokered private placement (the “ Offering ”) previously announced on February 6, 2019. In this First Tranche,
the Company raised a total of $136,555 for the issuance of 1,820,735 non-flow through units (“ NFT Units ”) at
the price of $0.075 per NFT Unit. Up to an additio nal $863,445 is expected to be raised by the Compan y in
additional tranche closings for aggregate gross proceeds of the Offering of up to $1,000,000.
The Offering consists of NFT Units at a price of $0 .075 per NFT Unit, and flow-through units (the “ FT Units ”)
at a price of $0.095 per FT Unit. Each NFT Unit wil l consist of one common share of the Company and on e
warrant (a “ Warrant ”). Each FT Unit will consist of one flow-through c ommon 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 $0.15 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
Offering, the closing price of the Company's common shares on the the TSX Venture Exchange (“ TSX-V”) 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 relea se 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 Offering will be used to further f inance the Company’s prospecting, drilling and othe r
exploration and development expenses and activities and for general corporate purposes. All securities
issued pursuant to the First Tranche are subject to a statutory four-month plus one day hold period, w hich
will expire on August 19, 2019. The Offering is subject to TSX-V acceptance of regulatory filings.
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, solicitati on 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 770 sing le cell staked claims, 4 free hold patented claims and
and 14 mineral rights patented claims totaling appr oximately 15,720 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 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 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
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CIM categories. The Company is not treating the his torical estimate as a current NI 43-101-compliant
mineral resource estimate. Establishing a current m ineral resource estimate on the Lingman Lake deposi t
will require further evaluation, which the Company and its consultants intend to complete in due cours e.
Additional information regarding historical resourc e estimates is available in the technical report
entitled, “Technical Report on the Lingman Lake Pro perty” dated December 20, 2013, prepared by
Walter Hanych, P.Geo., and Frank Racicot, P.Geo., a vailable 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 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 statements are based on assumptions and address future events and conditions, by
their very nature they involve inherent risks and u ncertainties. Although these statements are based o n information
currently available to the Company, the Company pro vides no assurance that actual results will meet ma nagement’s
expectations. Risks, uncertainties and other factor s involved with forward-looking information could c ause actual events,
results, performance, prospects and opportunities t o differ materially from those expressed or implied by such forward-
looking information. Forward looking information in this news release includes, but is not limited to, use of proceeds of the
Offering, closing of additional tranches pursuant t o the Offering and proceeds therefrom, acceptance o f regulatory filings
by the TSX-V, the Company’s objectives, goals or fu ture plans, statements, exploration results, potent ial mineralization, the
estimation of mineral resources, exploration and mi ne development plans, timing of the commencement of operations and
estimates of market conditions. 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 financial market condition s, failure to identify
mineral resources, failure to convert estimated min eral resources to reserves, the inability to comple te a feasibility study
which recommends a production decision, the prelimi nary nature of metallurgical test results, delays i n obtaining or
failures to obtain required governmental, environme ntal or other project approvals, political risks, i nability to fulfill the
duty to accommodate First Nations and other indigen ous peoples, uncertainties relating to the availabi lity 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 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 t he Company’s public
documents filed on SEDAR. Although the Company beli eves that the assumptions and factors used in prepa ring the
forward-looking information in this news release ar e reasonable, undue reliance should not be placed o n 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 discla ims any intention or obligation to update or revise any forward-looking
information, whether as a result of new information , future events or otherwise, other than as require d by law.