ISS Endorses Signal Gold's Merger: A Strategic Move for Shareholders

Institutional Shareholder Services (ISS), a leading independent proxy advisory firm, has recently recommended that Signal Gold shareholders vote in favor of the Arrangement Resolution and the Private Placement Resolution. This endorsement signals a significant strategic move for Signal Gold and its shareholders, as it paves the way for a merger with NexGold Mining Inc. The proposed combination presents substantial growth potential and value creation opportunities that deserve the attention of investors.

The Arrangement Resolution, which pertains to Signal Gold's proposed combination with NexGold, is backed by ISS due to the strategic advantages it offers. By consolidating valuable property assets and mitigating single asset risks, the merger will result in a combined entity with enhanced financial stability and market presence. Existing Signal Gold shareholders will own approximately 29% of the new company, further emphasizing the strategic value of the transaction.

ISS's recommendation is not only a vote of confidence in the proposed merger but also a testament to the potential benefits it brings to shareholders. The combined entity will have a stronger financial position, diversified revenue streams, and a more robust market presence. This strategic move will enable the new company to advance both the Goldboro Gold Project in Nova Scotia and the Goliath Gold Complex in Northern Ontario more effectively, unlocking significant value for shareholders.

Moreover, the Private Placement Resolution, involving a non-brokered private placement to issue additional common shares, further solidifies the transaction's potential. This concurrent financing will bolster the combined entity's financial stability and align with the strategic advantages highlighted by ISS. By voting in favor of both resolutions, shareholders can contribute to a smooth merger process and potentially reap the rewards of the combined entity's promising growth prospects.

In conclusion, the endorsement of the proposed merger between Signal Gold and NexGold by ISS is a strong indication of the strategic advantages and growth potential it offers. By consolidating valuable property assets and mitigating single asset risks, the combined entity will have a more robust financial position and enhanced market presence. Shareholders are encouraged to vote in favor of both the Arrangement Resolution and the Private Placement Resolution, as this strategic move stands to benefit them in the long run. With the support of ISS and the board of directors, the likelihood of shareholder approval is high, potentially paving the way for significant value creation through this merger.