NexGold and Signal Gold Announce Merger to Create one of Canada's Most Advanced Near-Term Gold Developers with a Combined 4.7 million Gold Ounces of Measured and Indicated Resources and a Plan to Achieve 200,000+ ounces of Annual Production
Benzinga
OCTOBER 10, 2024
Robust Financial Position – The concurrent financing, proposed debt restructuring, and available cash resources provide significant funding to advance both projects towards a construction decision while deleveraging the combined entity. If the royalty is not repurchased during the 30-month period, then the royalty rate shall increase to 2.0%.
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