Signature Resources Announces Closing of First Tranche of Private Placement and Lingside Claims Purchase
11896515.2
Not for distribution to U.S. news wire services or dissemination in the United States
SIGNATURE RESOURCES LTD.
SIGNATURE RESOURCES ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE
PLACEMENT AND LINGSIDE CLAIMS PURCHASE
FOR IMMEDIATE RELEASE June 25, 2018
Toronto, Ontario, June 25, 2018 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF) ( "Signature"
or the " Company ") is pleased to announce that further to its press release o f May 15, 2018, today it closed the
first tranche (the “ First Tranche ”) of a non-brokered private placement of up to $1,500,000 ( the “ Financing ”)
for gross proceeds of $600,000 by issuing 5,000,000 non-flow through units ( “ NFT Units ”). No finders’ fees
were issued in conjunction with the closing of the First Tr anche. The Company intends to close on additional
tranches for up to another $900,000.
The Financing consists of NFT Units at a price of $0.12 per NFT Unit, and flow-through unit (the “ FT Unit ”)
at a price of $0.14 per FT Unit. Each NFT Unit consists of one common share of the Company and one warrant
(a “ Warrant ”). Each FT Unit will consist of one flow-through common share and one-half of one Warrant. Each
whole Warrant will entitle the holder thereof to acquire an add itional common share (a “ Warrant Share ”) of
the Company at an exercise price of $0.25 per Warrant Share for a p eriod of 2 years from the date of issuance,
provided that if after four (4) months and one (1) day fol lowing the closing of the Financing, the closing price
of the Company's common 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 other
exploration and development expenses and activities and for general corporate purposes.
Securities issued pursuant to the first tranche closing of the Financing are subject to a statutory four-month plus
one day hold period, which will expire on October 26, 2018.
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 jur isdiction in which such offer, solicitation or sale is
unlawful. These securities have not been, and will not be, regi stered 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.
The Company is also pleased to announce the closing of the Li ngside Property (the “ Property ”) as announced
on May 15, 2018, under which it has issued 5,000,000 common shares of the Company at a deemed issue price
of $0.12 per common share for aggregate consideration of $600,000, and granted to the vendor a 3% net smelter
returns royalty applicable to minerals produced from the Property. Shares issued pursuant to the Lingside claims
acquisition are subject to a statutory four-month plus one d ay hold period, which will expire on October 26,
2018.
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-
11896515.2
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. 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 s tatements are based on assumptions and address futu re 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 inform ation could
cause actual events, results, performance, prospect s and opportunities to differ materially from those expressed or
implied by such forward-looking information. Forwar d looking information in this news release includes , but is not
limited to, the completion, proceeds, and 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 the commencement of operations and estimates of market conditions. Factors that
could cause actual results to differ materially fro m such forward-looking information include, but are not limited to
changes in general economic and financial market conditions, failure to identify mineral resources, failure to convert
estimated mineral resources to reserves, the inabil ity to complete a feasibility study which recommend s a production
decision, the preliminary nature of metallurgical t est results, delays in obtaining or failures to obt ain required
governmental, environmental or other project approv als, 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, c hanges in exchange rates, fluctuations in commodity prices, delays
in the development of projects, capital and operati ng costs varying significantly from estimates and t he 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 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 t his news release, and no assurance can be given tha t such events
will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation t o update or
revise any forward-looking information, whether as a result of new information, future events or otherwise, other than
as required by law.