This is what is happening to Liongold, the main shareholder in...

This is what is happening to Liongold, the main shareholder in Signature metals.

The Liongold bubble has burst. Look at the recent closing prices for Liongold:
Thursday, October 3rd $ 1,51
Friday, October 4th: $ 0,88
Monday, October 7th $ 0,25
Today, October 8th $ 0.19
On basically no news, just a correction in valuation.

Also read Kip Keen on Liongolds failed financing:
"To fund acquisitions, LionGold planned back in mid August to raise S$202 million at S$1.11 a share with three firms, Platinum Partner, Carnegie Hall Group and Spring Road Adivsors.
Of course, now trading for less than a quarter that price, it becomes improbable firms would take up LionGold shares at S$1.11 – if they already haven't – which in turn would limit LionGold's access to fresh cash to spend on new and ongoing acquisitions."
http://www.mineweb.com/mineweb/content/en/mineweb-junior-mining?oid=207739&sn=Detail