Home
Uncategorized

Reunion Gold Announces Closing of First Tranche of Non-Brokered Private Placement Raising C$10.2 Million

 

 

 

 

 

Reunion Gold Corporation (TSX-V:RGD) reports that it has closed a first tranche of the non-brokered private placement announced on August 23, 2017. The Company has issued 78,307,191 units at a price of $0.13 per Unit for gross proceeds of C$10,179,935. Each Unit consists of one common share of Reunion and one half of one common share purchase warrant. Each whole warrant may be exercised for one common share at a price of $0.20 per common share for a period of 36 months, subject to the Company’s right to accelerate the expiry date in the event that the Company’s shares trade on the TSX Venture Exchange at a closing price of $0.40 or greater for 20 consecutive trading days at any time after June 8, 2018.

 

 

Pursuant to applicable Canadian securities laws, the common shares and warrants issued to subscribers under the Financing are subject to a four-month hold period. Finder’s fees of up to $40,000 are being paid in cash to certain finders for this first tranche of the Financing. The Company expects to close a second tranche within the next 10 days.

 

 

The Company intends to use the net proceeds raised from the Financing for exploration and development of the Company’s gold projects in French Guiana and Guyana and for general working capital. Following closing of the first tranche, the Company has 265,758,787 common shares and 39,153,595 warrants issued and outstanding.

 

Posted September 11, 2017

MORE or "UNCATEGORIZED"


The Week of November 13th to November 19th, 2017 “A brief Look Back Into Tomorrow”

The new North American trading week began on Monday, November 13t... READ MORE

November 20, 2017

ORENINC INDEX falls as brokered deals dry up

ORENINC INDEX – Monday, November 20th, 2017 North America... READ MORE

November 20, 2017

This Week on The CSE - Short Week Of November 12 - 17

As my week began with a crossing of the iconic Lions Gate ... READ MORE

November 20, 2017

Pistol Bay Creates Blockchain Subsidiary, PB Blockchain Inc.

Pistol Bay Mining Inc. (TSX-V:PST) (Frankfurt :OQS2) is pl... READ MORE

November 20, 2017

Stroud Resources Announces 71% Increase in Measured and Indicated Resources at Santo Domingo, Mexico

Stroud Resources Ltd. (TSX-V:SDR) has filed an updated, independe... READ MORE

November 20, 2017

Copyright 2017 The Prospector News - Site design by Spyderbaby Productions

Reunion Gold Announces Closing of First Tranche of Non-Brokered Private Placement Raising C$10.2 Million | Prospector News
Uncategorized

Reunion Gold Announces Closing of First Tranche of Non-Brokered Private Placement Raising C$10.2 Million

 

 

 

 

 

Reunion Gold Corporation (TSX-V:RGD) reports that it has closed a first tranche of the non-brokered private placement announced on August 23, 2017. The Company has issued 78,307,191 units at a price of $0.13 per Unit for gross proceeds of C$10,179,935. Each Unit consists of one common share of Reunion and one half of one common share purchase warrant. Each whole warrant may be exercised for one common share at a price of $0.20 per common share for a period of 36 months, subject to the Company’s right to accelerate the expiry date in the event that the Company’s shares trade on the TSX Venture Exchange at a closing price of $0.40 or greater for 20 consecutive trading days at any time after June 8, 2018.

 

 

Pursuant to applicable Canadian securities laws, the common shares and warrants issued to subscribers under the Financing are subject to a four-month hold period. Finder’s fees of up to $40,000 are being paid in cash to certain finders for this first tranche of the Financing. The Company expects to close a second tranche within the next 10 days.

 

 

The Company intends to use the net proceeds raised from the Financing for exploration and development of the Company’s gold projects in French Guiana and Guyana and for general working capital. Following closing of the first tranche, the Company has 265,758,787 common shares and 39,153,595 warrants issued and outstanding.

 

Posted September 11, 2017

MORE or "UNCATEGORIZED"


The Week of November 13th to November 19th, 2017 “A brief Look Back Into Tomorrow”

The new North American trading week began on Monday, November 13t... READ MORE

November 20, 2017

ORENINC INDEX falls as brokered deals dry up

ORENINC INDEX – Monday, November 20th, 2017 North America... READ MORE

November 20, 2017

This Week on The CSE - Short Week Of November 12 - 17

As my week began with a crossing of the iconic Lions Gate ... READ MORE

November 20, 2017

Pistol Bay Creates Blockchain Subsidiary, PB Blockchain Inc.

Pistol Bay Mining Inc. (TSX-V:PST) (Frankfurt :OQS2) is pl... READ MORE

November 20, 2017

Stroud Resources Announces 71% Increase in Measured and Indicated Resources at Santo Domingo, Mexico

Stroud Resources Ltd. (TSX-V:SDR) has filed an updated, independe... READ MORE

November 20, 2017

Copyright 2017 The Prospector News - Site design by Spyderbaby Productions