Reunion Gold Announces Closing of Private Placement with Barrick Gold Corporation

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$432/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Return to homepage

Reunion Gold Announces Closing of Private Placement with Barrick Gold Corporation

LONGUEUIL, QUEBEC--(Marketwired - Dec 1, 2017) - Reunion Gold Corporation (TSX VENTURE:RGD) ("Reunion") is pleased to report that it has closed its non brokered private placement with Barrick Gold Corporation ("Barrick") (NYSE:ABX)(TSX:ABX) as announced on November 27, 2017. Barrick has purchased today 48 million common shares of Reunion at a price of C$0.19 per share for total proceeds of C$9,120,000. The proceeds will be used primarily to fund exploration and development costs of Reunion's mineral projects.

Following this private placement, Barrick owns approximately 15% of Reunion's issued and outstanding common shares on a non-diluted basis. The common shares issued to Barrick are subject to a hold period expiring April 2, 2018.

In connection with the private placement, Reunion and Barrick have entered into an investor rights agreement which provides certain rights and obligations so long as Barrick continues to hold more than 10% of the then issued and outstanding common shares of Reunion, as more fully described in the November 27, 2017 news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Information about Reunion is available on SEDAR (www.sedar.com) and its website (www.reuniongold.com).

Reunion Gold Corporation
Rejean Gourde, President & CEO, or
David Charles CFA, Investor Relations
+1 450.677.2585
[email protected]
www.reuniongold.com

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).
LinkedIn
StockTwits
Twitter