The Prospector News

Reunion Gold Closes C$3 Million Brokered Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Reunion Gold Closes C$3 Million Brokered Private Placement

 

 

 

 

 

Reunion Gold Corporation (TSX-V: RGD) is pleased to announce that it has closed its previously announced brokered private placement of 46,150,000 units at a price of $0.065 per Unit for gross proceeds of approximately C$3 million.

 

BMO Nesbitt Burns Inc. acted as lead agent and sole bookrunner on behalf of a syndicate of agents including Paradigm Capital Inc. and Dundee Goodman Merchant Partners under the Offering.

 

Each Unit consisted of one common share of the Company and one-half of one common share purchase warrant, with each Warrant exercisable to acquire one Share at C$0.12 per Share until May 21, 2023.

 

Together with the Company’s non-brokered private placement that closed on May 18, 2021, the Company issued an aggregate of 160,938,691 Units for gross proceeds of C$10,461,014.92.

 

The Company intends to use the proceeds of the Offering for exploration work to continue trenching and drilling at the Oko West Project in Guyana and for other general working capital purposes. The Offering is subject to final acceptance by the TSX Venture Exchange upon filing of final documentation.

 

Cautionary Statement

 

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

 

About Reunion Gold

 

Reunion Gold Corporation is a leading gold explorer with a portfolio of projects in the Guiana Shield, South America. The Company’s shares are listed on the TSX Venture Exchange.

 

Posted May 21, 2021

Share this news article

MORE or "UNCATEGORIZED"


BWR Exploration Inc. Receives Assays confirming Nickel and Copper Mineralization in 4 drill holes at its Wholly-Owned Vendôme Sud Project, Abitibi Region of Quebec

BWR Exploration Inc. (TSX-V: BWR) is pleased to announce receipt... READ MORE

September 20, 2021

World Copper Signs Definitive Agreement for the Acquisition of Cardero Resource Corp.

World Copper Ltd. (TSX-V: WCU) (OTCQB: WCUFF) announces that, fu... READ MORE

September 20, 2021

Kenorland Minerals Options South Uchi Project to Barrick Gold Corporation

Kenorland Minerals Ltd. (TSX-V: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) i... READ MORE

September 20, 2021

Equinox Gold Announces Positive Pre-Feasibility Study for Aurizona Expansion and 73% Increase to Mineral Reserves

Peak Annual Production over 160,000 oz of Gold Average Annual Pro... READ MORE

September 20, 2021

Magna Mining Reports a New Nickel - Copper - PGM Discovery at the Shakespeare Project, Ontario, Canada

Magna Mining Inc. (TSX-V: NICU) is pleased to provide assay resul... READ MORE

September 20, 2021

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2021 The Prospector News