Signal Gold Shareholders Unanimously Back NexGold Merger

In a resounding vote of confidence, shareholders of Signal Gold Inc. (TSX:SGNL)(OTCQB:SGNLF) have overwhelmingly approved the proposed merger with NexGold Mining Corp. (TSXV:NEXG; OTCQX:NXGCF). The transaction, valued at approximately $350 million, will create one of Canada's most advanced near-term gold developers, with a combined resource base of 4.7 million gold ounces of Measured and Indicated Mineral Resources and 1.3 million gold ounces of Inferred Mineral Resources.

The merger, announced in October 2024, is set to combine NexGold's Goliath Gold Complex Project in Northern Ontario and Signal's Goldboro Gold Project in the historic Goldboro Gold District in Nova Scotia. The combined entity will benefit from the advanced permitting status of both projects, with Environmental Assessment Approvals in place, paving the way for substantial gold production.

At a special meeting held on December 6, 2024, Signal Gold shareholders voted on an Arrangement Resolution authorizing the merger and a related private placement. The Arrangement Resolution was overwhelmingly approved by 95.773% of the votes cast, representing approximately 95.501% of the Shareholders present in person or represented by proxy at the Meeting. The private placement, aimed at raising up to $10.45 million, was also approved by a majority of the Shareholders.

The approval of the merger and the private placement financing paves the way for the combined entity to advance both projects towards a construction decision. With a robust financial position, the combined company will have access to significant funding to support development and growth, while also deleveraging the entity through debt restructuring and strategic acquisitions.

The combined team of NexGold and Signal Gold brings complementary skills and experience in geology, engineering, finance, capital markets, governance, and sustainability. This synergy will enable the merged entity to successfully develop and expand both projects, while ensuring robust management and enduring business models.



The Signal Gold-NexGold merger represents a strategic move to create a top near-term gold developer in Canada, with a strong pipeline of low-cost, high-return mine development and expansion projects. The elimination of single asset risk, diversification, advanced permitting progress, and operational synergies contribute to a more robust and resilient combined entity, better positioned to navigate market fluctuations and capitalize on growth opportunities.

As an investor, this merger presents an attractive opportunity to gain exposure to a well-diversified, near-term gold development company with a strong financial position and a proven management team. The combined entity's focus on organic growth, strategic acquisitions, and risk management make it an appealing choice for those seeking stable, predictable, and consistent growth in the mining sector.