Signal Gold Sells Tilt Cove Project to Firefly Metals

Signal Gold Inc. has finalized the sale of its Tilt Cove Gold Project in Newfoundland to FireFly Metals Ltd. FireFly acquired all common shares of Tilt Cove Gold Corp., completely taking over the exploration rights and obligations linked to the project. The transaction brought Signal Gold $570,000 in cash alongside 2,317,869 common shares of FireFly, valued around $2.5 million. A potential milestone payment of $1 million could be received if FireFly meets certain exploration targets.

Signal Gold expressed optimism about FireFly integrating the Tilt Cove properties with its Green Bay Copper-Gold Project, suggesting future shareholder benefits. Signal Gold will remain a shareholder of FireFly as it continues its projects in Baie Verte Peninsula, Newfoundland.