Signature Resources Ltd. Announces Non-Brokered Private Placement
Not for distribution to U.S. news wire services or dissemination in the United States
SIGNATURE RESOURCES LTD.
SIGNATURE RESOURCES LTD. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
FOR IMMEDIATE RELEASE May 24, 2017
Toronto, Ontario, May 24, 2017 – Signature Resources Ltd. (TSXV: SGU, OTCQB: SGGTF)
("Signature" or the " Company ") is pleased to announce that it will conduct a non-brokered p rivate placement
(the “ Offering ”), subject to the approval of the TSX Venture Exchange (the “ Exchange ”), for aggregate gross
proceeds of up to $1,500,000. The Offering will consist o f non-flow-through units (the “ NFT Units ”) at a
price of $0.10 per NFT Unit, and flow-through unit (the “ FT Unit ”) at a price of $0.12 per FT Unit.
Each NFT Unit will consist of one common share of the Compan y and one warrant (a “ Warrant ”). Each FT
Unit will consist of one flow-through common share and on e-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 3 years from the date of issuance, provided that if
after four (4) months and one (1) day following the closing of the Offering, the closing price of the Company's
common shares on the Exchange is equal to or greater than $0. 25 for 20 consecutive trading days, then the
Company may accelerate the expiry date of the Warrants by dissemi nating a press release and in such case the
Warrants will expire on the 90th day after the date on which su ch press release is disseminated by the
Company.
Subject to Exchange approval, finder’s fees of up to 7% cash and 7% warrants may be paid to persons who
introduce the Company to investors in the Offering.
Proceeds of this Offering will be used for advancing the Lingman Lake Gold Project, and for general corporate
purposes.
Securities issued pursuant to the Offering will be subject to a hold period of four months plus one day from the
date of completion of the Offering, in accordance with applicable securities legislation.
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.
About Signature
The Lingman Lake gold property consists of four free hold p atented claims and the 50 staked claims, totaling
9,896.8 hectares. The property hosts an historic estimate o f 234,684 oz. of gold* (1,063,904 tonnes grading
6.86 g/t with 2.73 gpt cut-off) and includes what has his torically 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 repo rts obtained and prepared by previous
operators, and information provided by governmental authorit ies. A Qualified Person has not done sufficient
work to verify the classification of the mineral resource estim ates in accordance with current CIM categories.
The Company is not treating the historical estimate as a current NI 43-101-compliant mineral resource
estimate. Establishing a current mineral resource estimate on the L ingman Lake deposit will require further
evaluation, which the Company and its consultants intend to co mplete in due course. Additional information
regarding historical resource estimates is available in the techni cal report entitled, “Technical Report on the
Lingman Lake Property” dated 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 o ur website at www. signatureresources .ca , or
contact:
Walter Hanych
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 i nherent risks and uncertainties. Although these sta tements are
based on information currently available to the Com pany, the Company provides no assurance that actual results
will meet management’s expectations. Risks, uncerta inties and other factors involved with forward-look ing
information could cause actual events, results, per formance, prospects and opportunities to differ mat erially from
those expressed or implied by such forward-looking information. Forward looking information in this ne ws release
includes, but is not limited to, the completion, pr oceeds, and use of proceeds of the Offering, the Co mpany’s
objectives, goals or future plans, statements, expl oration results, potential mineralization, the esti mation of mineral
resources, exploration and mine development plans, timing of the commencement of operations and estima tes 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 esti mated mineral resources to reserves, the inability to complete a
feasibility study which recommends a production dec ision, the preliminary nature of metallurgical test results,
delays in obtaining or failures to obtain required governmental, environmental or other project approv als, political
risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncert ainties relating
to the availability and costs of financing needed i n the future, changes in equity markets, inflation, changes in
exchange rates, fluctuations in commodity prices, d elays in the development of projects, capital and o perating costs
varying significantly from estimates and the other risks involved in the mineral exploration and devel opment
industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Compa ny
believes that the assumptions and factors used in p reparing 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 ev ents 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, whe ther as a
result of new information, future events or otherwise, other than as required by law.