Signature Resources Announces Closing of Non-Brokered Private Placement.
TSXV-SGU OTCQB-SGGTF FSE-3S30
66 Wellington Street West, Suite 4100, TORONTO, ONTARIO M5K 1B7
www.signatureresources.ca
Signature Resources Announces Closing of Non-Brokered Private
Placement.
Toronto, Ontario, July 15, 2026, Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF, FSE:
3S30) ("Signature" or the "Company") is pleased to announce that it has closed it’s non-brokered
private placement offering (the “Offering”) and is issuing 11,311,111 flow-through units (“FT
Units”) and 2,500,000 non-flow-through units (“NFT Units”) for gross proceeds of to C$609,000
Each FT Unit has been issued at $0.045 and each NFT Unit has been issued at $0.04 per unit..
Each unit consist s of one common share of the Company (“ Common Share”) and one -half of
one common-share purchase warrant (“Warrant”). Each whole Warrant will entitle the holder to
acquire one additional Common Share (a “Warrant Share”) at a price of $0.08 per Warrant Share
for a period of 12 months from the date of issuance.
The Common Shares and Warrants comprising the FT Units will qualify as “flow-through shares”
within the meaning of subsection 66(15) of the Income Tax Act (Canada) . The Warrant Shares
will not qualify as flow-through shares. All securities issued pursuant to the Offering will be subject
to a four -month hold period in accordance with applicable securities laws and TSX Venture
Exchange (“TSXV”) policies.
As part of the entire Offering insiders of the Company purchased or acquired direction and control
over 26% of the Offering by acquiring 1,111,111 FT Units and 2,500,000 NFT Units, constituting
a “related party transaction” within the meaning of TSX Venture Exchange Policy 5.9 and
Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions
(“MI 61 -101”). With the entirety of the Offering closing, the company is issuing 13,811,111
Common Shares and 6,905,555 Warrants.
The Offering is subject to the acceptance of the TSX Venture Exchange. All securities issued
pursuant to the Offering will be subject to a statutory hold period of four months and one day from
the date of issuance, in accordance with applicable securities laws. Finders fees totalling $43,000
in cash and 66,667 broker warrants with an exercise price of $0.045 per share for a period of 24
months from the closing of the Offering will be paid as part of the transaction.
The net proceeds from the Offering will be used for field exploration activities on the Company’s
regional prospects, metallurgical studies and for general working capital purposes. It is
anticipated that approximately three-quarters of the net proceeds will be used for early exploration
field program on high priority regional prospects which includes mapping sampling and assaying.
Approximately 17% of the funds will be utilized for metallurgical test work on the Lingman Lake
mine area gold zones and the remainder for general working capital purposes. None of the
proceeds will be used for investor relations service providers.
TSXV-SGU OTCQB-SGGTF FSE-3S30
66 Wellington Street West, Suite 4100, TORONTO, ONTARIO M5K 1B7
www.signatureresources.ca
About Signature Resources Ltd.
The Company is a Canadian based advanced stage exploration company focused on expanding
the 100% owned Lingman Lake gold deposit, located within the prolific Red Lake distric t in
Northwestern Ontario, Canada. The Lingman Lake gold property (the "Property") consists of 25
single-cell and 159 multi-cell staked claims, four freehold fully patented claims and 14 mineral
rights patented claims totaling approximately 23, 033 hectares. The Property includes what has
historically been referred to as the Lingman Lake Gold Mine, an underground substructure
consisting of a 126.5-metre shaft, and 3-levels at depths of 46 metres, 84 metres and 122 metres.
There has been over 43,222 metres of drilling done on the Property and four 500 -pound bulk
samples that averaged 19 grams per tonne of gold. The Company’s initial mineral resource
estimate was published in the report entitled “NI 43- 101 Technical Report on the Lingman Lake
Property” dated May 31, 2025 prepared by Gehard Kiessling, P. Geo., Farshid Ghazanfari, P.
Geo., Marin Drennan, P. Eng., Cameron Finlayson and Jeff Plate,CFA, P. Geo, of Watts, Griffis
and McOuat Geologic Mining Consultants. The initial published mineral resource was estimated
to contained 2.145 million tonnes of material grading 1.38 g/t Au for an estimated 95,200 ounces
in the indicated category and 18.398 million tonnes of material with an average grade of 1.14 g/t
Au for an estimated 674,320 ounces in the inferred category at a cutoff grade of 0.30 g/t. The
Company is focused on rapidly expanding the known mineralized envelope with its 100% owned
diamond drilling rigs. In November 2023, Wataynikaneyap Power energized a new 115kV high
tension transmission line within 40 km of the historic Lingman Lake Mine
(https://www.wataypower.ca/).
To find out more about Signature, visit www.signatureresources.ca or contact:
Dan Denbow
Chief Executive Officer
(800) 259-0150
or contact :
Renmark Financial Communications Inc.
John Boidman: [email protected]
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
Cautionary Notes
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 news release.
This news release contains forward-looking statements which are not statements of historical fact. Forward -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 expects a stated condition or result to occur. Forward- looking statements
TSXV-SGU OTCQB-SGGTF FSE-3S30
66 Wellington Street West, Suite 4100, TORONTO, ONTARIO M5K 1B7
www.signatureresources.ca
may be identified by such terms as “believes”, “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 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 facto rs involved with forward- looking information could cause actual events, results, performance,
prospects and opportunities to differ materially from those expressed or implied by such forward- looking information.
Forward-looking information in this news rel ease includes, but is not limited to, the Company’s objectives, goals or future
plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine
development plans, timing of the commencement of ope rations and estimates of market conditions and risks associated
with infectious diseases and global geopolitical events . 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 conditions,
failure to identify mineral resources, failure to convert esti mated 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 accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and
costs of financing needed in the future, changes in equity markets, inflati on, changes in exchange rates, fluctuations in
commodity prices, 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 t hose 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 information in this news release are reasonable, undue reliance should not be placed o n 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 forward- looking
information, whether as a result of new information, future events or otherwise, other than as required by law.