Source: Reunion Gold
  • Reunion Gold Corporation (RGD) has announced a bought deal private placement for gross proceeds of  $20,020,000
  • The company will issue 77,000,000 units priced $0.26 per unit
  • The offering is expected to close on or about July 6, 2022
  • The net proceeds will be used for exploration expenditures on the company’s projects
  • Reunion Gold Corporation is a leading gold explorer with a portfolio of projects in Guyana, Suriname, and French Guiana
  • Reunion Gold Corporation (RGD) opened trading at C$0.30

Reunion Gold Corporation (RGD) has announced a bought deal private placement for gross proceeds of  $20,020,000.

The company will issue 77,000,000 units priced $0.26 per unit.

The offering is being led by Sprott Capital Partners and Paradigm Capital Inc., as co-lead, 

Each unit will consist of one share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share for a period of 24 months following the closing of the offering.

The warrants are subject to an acceleration clause.

Reunion has granted the underwriters an over-allotment option to purchase up to an additional 15 per cent of the securities issued.

The net proceeds will be used for exploration expenditures on the company’s projects and for general corporate and working capital purposes.

The offering is expected to close on or about July 6, 2022 and is subject to the receipt of all necessary corporate and regulatory approvals. All securities issued are subject to a four-month 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.

Reunion Gold Corporation (RGD) opened trading at C$0.30.

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