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In the midst of this restructuring, former Sporting Director Darren Fletcher has been linked with a move to Arsenal, where he could potentially reunite with former Manchester United and current Arsenal manager, Mikel Arteta. Fletcher's departure from Old Trafford would mark the end of an era and potentially signal a new chapter in his career in football management.
Nevertheless, the allure of high returns and the promise of long-term growth prospects have compelled Wall Street firms to maintain their bullish stance on Chinese assets. The mysterious funds managing these allocations have leveraged their extensive research capabilities, market insights, and strategic partnerships to navigate the complexities of the Chinese market successfully.
TORONTO, ON / ACCESSWIRE / December 6, 2024 / Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQB:SGNLF) is pleased to announce that the shareholders of the Company ("Shareholders") have overwhelmingly approved the special resolutions authorizing the plan of arrangement of the Company under the Business Corporations Act (Ontario) (the "Arrangement") and a related private placement, at the special meeting of Shareholders held earlier today (the "Meeting"). Pursuant to the Arrangement, previously announced on October 10, 2024, NexGold Mining Corp. ("NexGold") will acquire all the issued and outstanding common shares of Signal Gold to create a top near-term gold developer advancing NexGold's Goliath Gold Complex Project in Northern Ontario and the Goldboro Project in the historic Goldboro Gold District in Nova Scotia. The purpose of the Meeting was to consider and vote upon the Arrangement Resolution authorizing the Arrangement and approving the transactions contemplated in the arrangement agreement dated October 9, 2024 between Signal Gold and NexGold, pursuant to which, among other things, NexGold will acquire all of the issued and outstanding common shares of the Company by way of a court-approved plan of arrangement, and in exchange, Shareholders will be entitled to receive 0.1244 of a common share of NexGold for each common share of Signal Gold held. In approving the Arrangement Resolution, Shareholders also approved the Debt Restructuring (as described in the management information circular of Signal Gold dated November 5, 2024). At the Meeting, an ordinary resolution was also considered and voted on with respect to a Private Placement Resolution, authorizing and approving, among other things, the issuance by Signal Gold of common shares in connection with a non-brokered private placement of up to 120,075,840 subscription receipts of Signal Gold ("Subscription Receipts"), at a price of $0.08705 per Subscription Receipt for aggregate gross proceeds of up to $10,452,601.87 (the "Private Placement"). Prior to the completion of the Arrangement, Signal Gold may exercise its option to issue up to an additional 6,003,792 Subscription Receipts for additional gross proceeds of up to $522,630.10. A total of 126,970,057 common shares were represented in person or by proxy at the Meeting, representing approximately 49.779% of the issued and outstanding common shares of Signal Gold. Approval of the Arrangement For the Arrangement to proceed, the Arrangement Resolution required the approval of at least two-thirds (662⁄3%) of the votes cast at the Meeting, by the Shareholders attending in person or voting by proxy, and a simple majority of the votes cast on the Arrangement Resolution by Shareholders present or represented by proxy at the Meeting, excluding, for this purpose, votes attached to shares held by persons described in items (a) through (d) of Section 8.1(2) of MI 61-101. At the Meeting, the Arrangement Resolution was overwhelmingly approved by 121,602,757 votes cast at the Meeting, representing approximately 95.773% of the shareholders present in person or represented by proxy at the Meeting. The Arrangement Resolution was also approved by 95.501% of the Shareholders present in person or represented by proxy at the Meeting, excluding, for this purpose, votes attached to shares held by persons described in items (a) through (d) of Section 8.1(2) of MI 61-101. Accordingly, the Shareholder approval required to proceed with the Arrangement has been obtained. Private Placement Financing For the Private Placement to proceed, the Private Placement Resolution must be approved by a simple majority of the votes cast by Shareholders present. At the Meeting, the Private Placement Resolution was overwhelmingly approved by 121,562,732 votes cast at the Meeting, representing approximately 95.741% of the shareholders present in person or represented by proxy at the Meeting. Accordingly, the Shareholder approval required in order to proceed with the Private Placement has been obtained. Transaction Update Having obtained the requisite approval of the Arrangement Resolution and Private Placement Resolution at the Meeting, the parties are continuing to work diligently towards closing the Arrangement. The Arrangement is expected to become effective on December 13, 2024, subject to, among other things, the Company obtaining a final order from the Ontario Superior Court of Justice (Commercial List) in respect of the Arrangement and the satisfaction or waiver of certain other customary closing conditions. The hearing for the final order of the Ontario Superior Court of Justice (Commercial List) to approve the Arrangement is scheduled to take place on December 11, 2024. Following the completion of the Arrangement, it is expected that the Signal Gold shares will be delisted from the TSX and OTCQB. Further details regarding the Arrangement and on the above matters are set out in the management information circular of Signal Gold dated November 5, 2024, which is available on SEDAR+ (www.sedarplus.ca) under Signal Gold's issuer profile. For detailed voting results on each resolution, please refer to the Company's Report of Voting Results filed on SEDAR+ at www.sedarplus.com . ABOUT SIGNAL GOLD Signal Gold is advancing the Goldboro Gold Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study which demonstrates an approximately 11-year open pit life of mine ("LOM") with average gold production of 100,000 ounces per annum and an average diluted grade of 2.26 grams per tonne gold. (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). On August 3, 2022, the Goldboro Project received its environmental assessment approval from the Nova Scotia Minister of Environment and Climate Change, a significant regulatory milestone, and the Company has now submitted all key permits including the Industrial Approval, Fisheries Act Authorization and Schedule II Amendment, and the Mining and Crown Land Leases. The Goldboro Project has significant potential for further Mineral Resource expansion, particularly towards the west along strike and at depth, and the Company has consolidated 27,200 hectares (~272 km2) of prospective exploration land in the Goldboro Gold District. FORWARD-LOOKING STATEMENTS This news release contains "forward-looking information" within the meaning of applicable Canadian and United States securities legislation, including, but not limited to, the timing of the hearing for the final order of the Ontario Superior Court of Justice (Commercial List) to approve the Arrangement and the timing of the completion of the Arrangement. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Signal Gold to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current production, development and exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of resources, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in Signal Gold's annual information form for the year ended December 31, 2023, available on www.sedarplus.ca . Although Signal Gold has attempted to identify important factors, assumption and risks that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors, assumptions and risks that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Signal Gold does not undertake to update any forward-looking information, except in accordance with applicable securities laws. This news release has been reviewed and approved by Kevin Bullock, P. Eng., President and CEO with Signal Gold Inc., a "Qualified Person", under National Instrument 43-101 Standard for Disclosure for Mineral Projects. FOR ADDITIONAL INFORMATION CONTACT: Signal Gold Inc. Kevin Bullock President and CEO (647) 388-1842 kbullock@signalgold.com Robert Dufour Chief Financial Officer (647) 921-7751 rdufour@signalgold.com SOURCE: Signal Gold Inc. View the original on accesswire.comIn conclusion, the upcoming video conference on the comprehensive implementation of the personal pension system is a testament to our unwavering commitment to fostering financial resilience and security for our customers. We invite you to join us on this journey towards a more secure and prosperous future, where financial freedom and peace of mind go hand in hand. Let's embrace this opportunity together and build a brighter tomorrow, one step at a time.The return of Messi couldn't come at a better time for Barcelona, as they have been facing some challenging times on the field. With inconsistent performances and a string of disappointing results, the Blaugrana are in desperate need of their captain's magic touch. Messi's mere presence on the pitch not only lifts the spirits of his teammates but also strikes fear into the hearts of their opponents.
The motive behind the attack remains unclear, but sources close to the investigation have revealed that the suspect may have harbored a grudge against the CEO for perceived mistreatment during his employment at UnitedHealth. The suspect's online activities have also raised concerns, as he was found to have posted threatening messages directed at the CEO in the weeks leading up to the incident.
The incident at a canteen stall in Jinan University, where the stall refused to cook instant noodles and subsequently raised prices, has sparked controversy and garnered attention from both students and authorities. The situation escalated when the stall owner faced threats from rival stall owners and eventually decided to shut down operations. Frustrated students filed complaints with the local Market Supervision Bureau, prompting a response from the university administration.In a statement regarding the launch of the fragrance line, Trump expressed his belief in the power of scent to inspire and motivate individuals. He stated, "I have always believed in the importance of maintaining a winning attitude, no matter the circumstances. With the 'Fight Fight Fight' fragrances, I aim to encapsulate the spirit of victory and perseverance that has defined my own journey."
Official: Former Barcelona Head Coach Setien Appointed as Head Coach of Beijing Guoan
Sources: Kings closing in on deal for Crowder - ESPN
As the match against Paris Saint-Germain draws near, the Salzburg defenders are focused and determined to put in a top-class performance. They are ready to face the challenge head-on, knowing that they have the full support of their teammates and fans behind them. With a combination of bravery, defensive solidity, and tactical awareness, Salzburg aims to make a statement in the Champions League and leave a lasting impression on the football world.The "Spring Dawn Plan" is a strategic initiative designed to promote the development of regional industries by leveraging the power of e-commerce and digital marketing. By connecting manufacturers with consumers through online platforms, the plan facilitates direct sales of goods produced in industrial belts, enabling merchants to reach a wider customer base and increase sales volume.The land value tax is a tax levied on the increase in the value of land when it is sold. While this tax is an important source of revenue for local governments, it can also be a significant financial burden for homeowners, especially in a market where property prices are high. By exempting this tax on the sale of ordinary residential homes, the government is not only helping to alleviate the financial pressure on homeowners, but also encouraging more people to invest in the real estate market.
Title: Chairman's Involvement in Indecent Photos? Distributor Penalized; Greenland Group Reports Case and Denies RumorsIn conclusion, the latest data from the National Bureau of Statistics highlights the steady progress of the Chinese economy, with a modest increase in CPI and a slight decrease in housing prices in November. These developments reflect the government's commitment to maintaining a stable economic environment while addressing key challenges such as food price volatility and housing market affordability. By implementing effective policies and monitoring key indicators, China is well positioned to navigate future economic fluctuations and ensure sustained growth and prosperity for its citizens.
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