- Reunion Gold Corporation (RGD) has closed a bought deal private placement offering for gross proceeds of $11,500,186
- The company issued 65,715,349 common shares at a price of $0.175
- The net proceeds will be used primarily to accelerate exploration activities on the OKO West project
- Reunion Gold Corporation is a leading gold explorer in the Guiana Shield, South America
- Shares in Reunion Gold (RGD) are up 2.17 per cent, trading at C$0.235 per share at 11:15 am EST
Reunion Gold Corporation (RGD) has closed its previously announced bought deal private placement offering for gross proceeds of $11,500,186.
The company issued 65,715,349 common shares at a price of $0.175, including 8,570,349 shares issued pursuant to the underwriters’ over-allotment option.
The company paid a cash fee of approximately $680,000 and issued 3,894,064 non-transferable compensation options to the underwriters.
The net proceeds will be used primarily to accelerate exploration activities, including drilling and trenching on the OKO West project, and for general corporate purposes.
All securities issued are subject to a statutory four-month hold period, expiring on June 25, 2022.
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) are up 2.17 per cent, trading at C$0.235 per share at 11:15 am EST.
