Source: Reunion Gold
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Reunion Gold Corporation (RGD) has announced a bought deal private placement for gross proceeds of $10 million
  • The company will issue 57,145,000 common shares at a price of $0.175 per share
  • Net proceeds¬†will be used to accelerate exploration activities, including drilling and trenching on the OKO West project
  • Reunion Gold Corporation is a leading gold explorer in the Guiana Shield, South America
  • Shares in Reunion Gold (RGD) opened trading at C$0.19 per share

Reunion Gold Corporation (RGD) has announced a bought deal private placement for gross proceeds of $10 million.

The company will issue 57,145,000 common shares at a price of $0.175 per share.

Reunion has granted the underwriters an over-allotment option for additional gross proceeds of up to $1.5 million.

Net proceeds will be used to accelerate exploration activities, including drilling and trenching on the OKO West project, and for general corporate purposes.

The offering is expected to close on or about February 24, 2022, and is subject to the approval of the TSX Venture Exchange.

All securities issued will be subject to a four-month statutory hold period.

Reunion Gold Corporation is a leading gold explorer in the Guiana Shield, South America, with a portfolio of projects in Guyana, Suriname, and French Guiana.

Shares in Reunion Gold (RGD) opened trading at C$0.19 per share.

More From The Market Herald
Superior Gold - Director, Michael Pesner.

" Superior Gold (TSXV:SGI) nominates new director

Superior Gold (SGI) has filed a management information circular for its annual general meeting.

" Sulliden Mining Capital (TSX:SMC) acquires securities of Xander Resources

Sulliden Mining Capital (SMC) acquired 7,142,857 units of Xander Resources in a private placement.

" Eastern Platinum (TSX:ELR) updates technical report on Crocodile River Mine

Eastern Platinum Limited (ELR) has filed a Technical Report on the Crocodile River Mine (CRM), North West Province in South Africa.