- Reunion Gold (RGD) has upsized its bought-deal private placement for gross proceeds of $30 million
- The underwriters, led by Sprott Capital Partners has agreed to purchase 115,500,000 units at $0.26 per unit
- Reunion shareholder Dundee Resources Limited has the right to purchase 22,800,000 units for gross proceeds of $5,928,000 by way of a private placement
- 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$0.28
Reunion Gold (RGD) has upsized its previously announced bought-deal private placement for gross proceeds of $30 million.
The underwriters, led by Sprott Capital Partners, have agreed to purchase 115,500,000 units at $0.26 per unit for C$30,030,000.
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 24 months following the closing of the offering.
The warrants are subject to an acceleration clause.
The net proceeds will be used for exploration expenditures on the company’s projects and general corporate and working capital purposes.
Reunion shareholder Dundee Resources Limited has the right to purchase 22,800,000 units for gross proceeds of $5,928,000 to maintain its 16.48 per cent interest in the company.
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$0.28.