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 February 6, 2019
Toronto, Ontario, February 6 , 201 9 – Signature Resources Ltd. (TSXV: SGU , OTCQB : SGGTF )
("Signature" or the "Company") is pleased to announce that it will co nduct a non-brokered private placement
(the “Offering”), subject to the approval of the TSX Venture Exchange (the “Exchange”), for aggregate gross
proceeds of up to $1,000,000. The Offering will consist of non-flow-through units (the “NFT Units”) at a price
of $0.075 per NFT Unit, and flow-through unit (the “FT Unit”) at a price of $0.095 per FT Unit.
Each NFT Unit will consist 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 W arrant. 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
four (4) months and one (1) day following the closing of the Offering, the closing price of the Company's
common shares o n the Exchange is equal to or greater than $0. 25 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 th e
Warrants will expire on the 30th day after the date on which such 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 to further finance the Company’s drilling and other exploration and
development expenses and activities 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 securit ies, nor
shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is
unlawful. These securities have not been, and will not be, registered under the United States Securities Act o f
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 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 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 informat ion 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 historical estimate as a cur rent NI 43-101-compliant mineral
resource estimate. Establishing a current mineral The Lingman Lake gold property, located in northwestern
Ontario in the Red Lake Mining District consists of four free -hold full patented claims, 14 mineral rights patented
claims and 771 single-cell staked claims, comprising a total of approximately 15,774 hectares. The property hosts an
historical estimate of 234,684 oz of gold* (1,063,904 tonnes grading 6.86 g Au/t at a 2.73 g Au/t 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 three levels of development at depths of 46 m (150 Level), 84 m (275 Level) and 122 m (400
Level).
*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 min eral
resource estimates 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 Lingman Lake deposit will
require further evaluation, which the Company and its consultants intend to complete in due course. Additional information
regarding historical resource estimates is available in the technical 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 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 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 e xpressed or
implied by such forward -looking information. Forward looking information in this news release includes, but is not
limited to, the completion, proceeds, and use of proceeds of the Offering, 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 operations and estimates of market conditions. Factors that
could cause actual results to diffe r 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, inabi lity 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 com modity 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 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 d ate 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.