Signature Resources Announces Closing of Upsized 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 Upsized Non-Brokered Private
Placement.
Toronto, Ontario, October 30, 2025, 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 23,000,000 charity flow-through units (“Charity FT
Units”), 10,458,401 flow-through units (“FT Units”) and 18,533,298 non-flow-through units (“NFT Units”)
for gross proceeds of to C$3,417,835 These totals exclude the issuance of NFT Units for the share-for-
debt transaction that closed as an initial tranche of the Offering announced on October 22, 2025.
Each Charity FT Unit has been issued at $0.077 per unit, each FT Unit at $0.060 per unit, and each NFT
Unit at $0.055 per unit. Each unit consists 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 $0.10 per Warrant
Share for a period of 12 months from the date of issuance.
The Common Shares and Warrants comprising the Charity FT Units and 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.
On September 25, 2025, the Company announced a non-brokered private placement for gross proceeds
of C$3,000,000 (the “Offering”) of FT Units and NFT Units. On October 22, 2025, the Company
announced that it has amended the Offering to include Charity FT Units, in addition to the FT Units and
NFT Units originally disclosed. In response to strong investor demand, the Company has also increased
the targeted Offering size to C$3,700,000 inclusive of the share-for-debt transaction. The Company also
announced the closing of the first tranche of the Offering with the issuance of 6,363,636 NFT Units for
the settlement of $350,000 of outstanding indebtedness.
“We are very pleased to announce the closing of this financing as it allows us to
commence our 2025 diamond drilling program of approximately 3,000 metres. The
drill program will be targeting a large 3D IP/Mag anomaly that is down plunge from
higher grade structures drilled to date (see Figure 1 below). We believe will
demonstrate the ability to greatly expand the Lingman Lake deposit at depth and
laterally to the West. We believe our drill targeting for these expansion
opportunities have been enhanced by improved modeling from our initial resource
and the incorporation of our geophysics. We are very excited to see the results of
this next drilling campaign that will be exploring entirely new areas within the
Lingman Lake project.”
- J. Dan Denbow, CFA – President, CEO and Director
TSXV-SGU OTCQB-SGGTF FSE-3S30
66 Wellington Street West, Suite 4100, TORONTO, ONTARIO M5K 1B7
www.signatureresources.ca
Figure 1: Section 507780E Large Low Resistivity Anomaly Down Plunge from Existing Resource
As part of the entire Offering (including the shares for debt transaction) insiders of the Company
purchased or acquired direction and control over 37% of the Offering by acquiring 6,250,067 FT Units
and 15,200,000 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
58,358,095 Common Shares and 29,179,047 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 $3,000 in cash and 50,000
broker warrants with an exercise price of $0.06 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 exploration activities on the Company’s Lingman
Lake Gold Project and for general working capital purposes. It is anticipated that approximately one-third
of the net proceeds will be used for general working capital purposes and the remainder on exploration
activities including the 2025 drill campaign, evaluation of the drill core and additional geologic studies
including a metallurgical program. 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
Qualified Person
The scientific and technical content of this press release have been reviewed and approved by
Mr. Walter Hanych, P. Geo, consultant and Head Geologist, is a Qualified Persons under NI 43-
101 regulations.
About Signature Resources Ltd.
The Company is a Canadian based advanced stage exploration company focused on expanding
the 100% Lingman Lake gold deposit, located within the prolific Red Lake district in Northwestern
Ontario, Canada. The Lingman Lake gold property (the "Property") consists of 1,274 single-cell
and 13 multi-cell staked claims, four freehold fully patented claims and 14 mineral rights patented
claims totaling approximately 24,821 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 an d four 500-pound bulk samples that
averaged 19 grams per tonne of gold. The Company’s initial mineral resource estimate contain
an indicated 95,200 ounces with an average grade of 1.38 g/t Au and and inferred 674,320
ounces at and average grade of 1.14 g/ Au at a cutoff grade of 0.30 g/t. The company is focused
on rapidly expanding the known mineralized envelop 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 f i n d o u t m o r e a b o u t S i g n a t u r e , v i s i t www.signatureresources.ca or contact:
Dan Denbow
Chief Executive Officer
(800) 259-0150
or contact :
Renmark Financial Communications Inc.
John Boidman: [email protected]
T el: (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.
TSXV-SGU OTCQB-SGGTF FSE-3S30
66 Wellington Street West, Suite 4100, TORONTO, ONTARIO M5K 1B7
www.signatureresources.ca
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 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 factors 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 release includes, but is not limited to, the Company’s
objectives, goals or future plans, statements, exploration results, potential mineralization, the estim ation of mineral resources,
exploration and mine development plans, timing of the commencement of operations 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 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 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, 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 developm ent
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 information 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 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 revi se any
forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.