Signature Resources Announces Closing of Upsized Non-Brokered Private Placement

Executive Summary

• Signature Resources closed a non‑brokered private placement raising C$3,417,835 through the issuance of Charity Flow‑Through Units, regular Flow‑Through Units, and non‑flow‑through units.
• Proceeds will fund the 2025 diamond drilling program (~3,000 m) at Lingman Lake and cover roughly one‑third working capital needs.
• The offering included a related‑party component (insiders purchased ~37% of the units) and incurred finder’s fees of $3,000 cash plus 50,000 broker warrants.

Key Details

• Units Issued: 23,000,000 Charity FT Units @ $0.077, 10,458,401 FT Units @ $0.060, 18,533,298 NFT Units @ $0.055.
• Total Gross Proceeds: C$3,417,835 (excludes additional NFT units issued for the share‑for‑debt tranche).
• Unit Structure: Each unit = 1 common share + ½ warrant; each full warrant allows purchase of one additional common share at $0.10 for 12 months.
• Flow‑Through Status: Charity FT and FT Units qualify as flow‑through shares under the Canadian Income Tax Act; warrants do not.
• Hold Period: All securities subject to a four‑month statutory hold period (plus one day) per TSXV policy.
• Related Party Transaction: Insiders acquired 6,250,067 FT Units and 15,200,000 NFT Units (~37% of total offering).
• Total Securities Issued: 58,358,095 common shares and 29,179,047 warrants.
• Finder’s Fees: $3,000 cash plus 50,000 broker warrants (exercise price $0.06, exercisable for 24 months post‑closing).
• Use of Proceeds: ~⅓ for general working capital; remainder for exploration – specifically the 2025 drill campaign, core evaluation, additional geologic studies, and a metallurgical program at Lingman Lake.
• Financing Context: Original September 25, 2025 placement targeted C$3 M; amended on October 22 to add Charity FT Units and increase target to C$3.7 M, including a share‑for‑debt tranche (6,363,636 NFT Units for $350,000 debt settlement).

Notable Quotes

“We are very pleased to announce the closing of this financing as it allows us to commence our 2025 diamond drilling program of approximately 3,000 metres… We believe our drill targeting for these expansion opportunities have been enhanced by improved modeling…” – J. Dan Denbow, President, CEO and Director

All boilerplate, forward‑looking statements, and company background sections have been omitted for brevity.