ANXGF - Signal Gold upsizes previously announced $4M private placement to up to $6M

Signal Gold (OTCQX:ANXGF) on Thursday said it had upsized its previously announced private placement to now raise proceeds of up to $6M, compared to $4M earlier. Signal said the offering will consist of up to about 3.7M "flow-through" units of the company at $0.56/FT unit, and up to about 8.1M units of the company at $0.49/unit. Signal said it expects to use the gross proceeds from the offering primarily to advance activities for development and exploration at the Goldboro Gold Project in Nova Scotia.

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Signal Gold upsizes previously announced $4M private placement to up to $6M