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2022-05-13 14:15 | Report Abuse
May 5, 2022 / Anaconda Mining Inc.is pleased to announce that it has entered into a promissory note with Auramet International LLC in connection with a senior secured loan whereby the Lender has provided the Company with a US$8 million loan facility . The net proceeds will be used for the repayment of the existing gold prepayment facility with Auramet and for general working capital purposes as the Company ramps back up to normal mining at Point Rousse operation.
As per the Promissory Note, the Loan is due on the first anniversary of the Promissory Note, or May 5, 2023, and the Company may repay the Loan, in minimum incremental amounts of US1,000,000, either in whole or in part, from time to time without penalty.
ABOUT AURAMET INTERNATIONAL LLC
Auramet is one of the largest physical precious metals merchants in the world with over $22 billion in annual revenues and provides a full range of services to all participants in the precious metals chain, from extraction and production to manufacturing and consumption including physical metals trading and merchant banking, working capital lending, plus royalties and streams.
ABOUT ANACONDA
Anaconda Mining is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in the top-tier Canadian mining jurisdictions of Newfoundland and Nova Scotia
The Changed Name Signal Gold Inc is Effective from 12th May 2022
2022-05-24 01:26 | Report Abuse
At May 12th 2022 Signal Gold Inc ( ANX) is pleased to announced after the shareholders special & annual meeting and with their joint and agreed resolution That they are pleased to announce that from today 12th of May the changed name of Company as Signal Gold Inc will be effective from today.
They are expecting that from 17th of May they will be appear in Toronto stock exchange with the new name , Also with the new stock symbol "SGNL".
ABOUT SIGNAL GOLD
Signal Gold is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in the top-tier Canadian mining jurisdictions of Nova Scotia and Newfoundland. The Company is advancing the Goldboro Gold Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study (Please see the ‘NI 43-101 Technical Report and Feasibility Study for the Goldboro Gold Project, Eastern Goldfields District, Nova Scotia' on January 11, 2022 for further details). Signal Gold also operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~15,000 hectares of highly prospective mineral property, including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project.