- 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.