NexGold and Signal Gold Complete Business Combination

TORONTO, Dec. 13, 2024 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold”) and Signal Gold Inc. (TSX: SGNL; OTCQB: SGNLF) (“Signal Gold”) are pleased to announce the successful completion of the previously-announced transaction pursuant to which, among other things, NexGold acquired all of the issued and outstanding common shares of Signal Gold (the “Signal Shares”) pursuant to a court-approved plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”). The Arrangement combines the two companies to create a top near-term gold developer advancing NexGold’s Goliath Gold Complex Project (“Goliath Project”) in Northern Ontario and Signal Gold’s Goldboro Gold Project (“Goldboro Project”) in the historic Goldboro Gold District in Nova Scotia.

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