By Devika Patel
Knoxville, Tenn., May 7 - Reunion Gold Corp. said it has arranged a C$5 million non-brokered private placement of units.
The company will sell 50 million units of one common share and one warrant at C$0.10 each. The warrants are exercisable at C$0.20 for two years.
Proceeds will allow the company to strengthen its financial position and provide it with the financial capability to pursue different opportunities.
Based in Longueuil, Quebec, Reunion Gold acquires and explores mineral properties.
| Issuer: | Reunion Gold Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$5 million
|
| Units: | 50 million
|
| Price: | C$0.10
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.20
|
| Agent: | Non-brokered
|
| Pricing date: | May 7
|
| Stock symbol: | TSX Venture: RGD
|
| Stock price: | C$0.10 at close May 6
|
| Market capitalization: | C$4.9 million
|
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