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Reunion Gold Corporation (RGD.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.0750-0.0050 (-6.25%)
As of 10:26AM EDT. Market open.
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Previous Close0.0800
Open0.0700
Bid0.0750 x 0
Ask0.0800 x 0
Day's Range0.0700 - 0.0750
52 Week Range0.0600 - 0.1400
Volume31,000
Avg. Volume190,912
Market Cap50.11M
Beta (5Y Monthly)0.80
PE Ratio (TTM)N/A
EPS (TTM)-0.0160
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Reunion Gold launches an 11,000-meter drill program at its Oko West Gold Project, Guyana
    GlobeNewswire

    Reunion Gold launches an 11,000-meter drill program at its Oko West Gold Project, Guyana

    LONGUEUIL, Quebec, May 28, 2021 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the "Company"), following the successful completion of a $10.4 million financing, is pleased to provide details about its planned exploration program at its Oko West Project in Guyana. The program will include a combination of approximately 130 diamond and reverse circulation holes totalling up to 11,000 meters. Carlos Bertoni, Reunion Gold's Acting CEO, stated: "We are excited with the exploration results obtained so far from the trenching and drilling work done at the Oko West Project (see results in previous press releases) and are launching a follow-up program aiming to expand the footprint of three mineralized shear zones discovered in 2020, which has now been tested by trenching and drilling over five kilometres (Figure 1). Gold mineralization is found in north-south shear zones straddling the six-kilometre-long contact of granitic and volcanic rocks within the project boundaries. This new program aims to define the geometry, volume and gold grade of saprolitic material over a strike length of approximately three kilometres and will be executed in such a way that a mineral resource could be estimated, if warranted." Work done so far confirms significant gold mineralization hosted by three shear structures extending for hundreds of meters along strike and downwards into weathered bedrock (saprolite), justifying a comprehensive exploration program consisting of 100 meter-spaced trench and drill hole "fences" on eight blocks (Figure 2). These fences aim to test the lateral and depth continuity of gold mineralization down to unweathered bedrock. In addition to the 11,000 meters in 130 holes of drilling, 25 trenches are planned to provide a continuous near-surface sampling of saprolite. We expect that more than 12,000 samples will be assayed. This program is being launched during the first week of June and will take close to five months to complete, at an estimated cost of approximately C$3.4 million. The Oko West area is in the Cuyuni River basin of Guyana, a traditionally mining-friendly jurisdiction. The Company has an option to acquire a 100% ownership interest in mineral rights covering an area of approximately 11,900 acres. Qualified Person The technical information in this press release has been reviewed and approved by Carlos. H. Bertoni, P.Geo., the Company's Acting CEO. Mr. Bertoni is a qualified person under Canadian National Instrument 43-101. Cautionary Statement This press release contains certain forward-looking information or forward-looking statements as defined in applicable securities laws. Forward-looking statements are not historical facts and are subject to several risks and uncertainties beyond the Company's control, including statements regarding plans to complete a mineral resource estimate, trenching, drilling and other exploration programs, potential mineralization, exploration results and statements regarding beliefs, plans, expectations, or intentions of the Company. Resource exploration and development is highly speculative, characterized by several significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate. All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information or future events or otherwise, except as may be required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release. About Reunion Gold 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. The Company's common shares are listed on the TSX Venture Exchange under the symbol 'RGD.' Additional information about the Company is available on SEDAR (www.sedar.com) and the Company's website (www.reuniongold.com). For further information, please contact:REUNION GOLD CORPORATION Carlos H. Bertoni, acting CEO orPaul Fowler, Manager, Corporate DevelopmentTelephone: +1 450.677.2585Email: info@reuniongold.com Figure 1: Map of Oko West project area schematic geology, permits outlines and shear zones discovered (red dashed lines). The map also shows gold anomalies from soil geochemistry testing the volcanic - granitoid contact in the eastern part of the project area. Figure 2: Map showing schematic geology, soil gold anomaly and layout of exploration blocks.

  • Reunion Gold Closes C$3 Million Brokered Private Placement
    GlobeNewswire

    Reunion Gold Closes C$3 Million Brokered Private Placement

    NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES LONGUEUIL, Quebec, May 21, 2021 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (“Reunion” or the “Company”) (TSX-V: RGD) is pleased to announce that it has closed its previously announced brokered private placement of 46,150,000 units (“Units”) at a price of $0.065 per Unit for gross proceeds of approximately C$3 million (the “Offering”). BMO Nesbitt Burns Inc. acted as lead agent and sole bookrunner on behalf of a syndicate of agents including Paradigm Capital Inc. and Dundee Goodman Merchant Partners (together, the “Agents”) under the Offering. Each Unit consisted of one common share of the Company (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a "Warrant"), with each Warrant exercisable to acquire one Share at C$0.12 per Share until May 21, 2023. Together with the Company’s non-brokered private placement that closed on May 18, 2021, the Company issued an aggregate of 160,938,691 Units for gross proceeds of C$10,461,014.92. The Company intends to use the proceeds of the Offering for exploration work to continue trenching and drilling at the Oko West Project in Guyana and for other general working capital purposes. The Offering is subject to final acceptance by the TSX Venture Exchange upon filing of final documentation. Cautionary Statement The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States. This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward looking information in this news release includes information with respect to the Offering, including receipt of final TSX Venture Exchange approval and the intended use of proceeds. Forward-looking information is based on reasonable assumptions that have been made by Reunion Gold Corporation as at the date of the information and is subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking information. 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. About Reunion Gold Reunion Gold Corporation is a leading gold explorer with a portfolio of projects in the Guiana Shield, South America. The Company’s shares are listed on the TSX Venture Exchange under the symbol ‘RGD’. Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information please contact: REUNION GOLD CORPORATION Carlos Bertoni, Acting CEOPaul Fowler, Manager, Corporate DevelopmentTel: +1 450.677.2054Email: info@reuniongold.com

  • Reunion Gold Closes a C$7.46 Million Non-Brokered Private Placement
    GlobeNewswire

    Reunion Gold Closes a C$7.46 Million Non-Brokered Private Placement

    NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES LONGUEUIL, Quebec, May 18, 2021 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (“Reunion” or the “Company”) (TSX-V: RGD) is pleased to announce, further to its news releases of April 19, 2021 and April 27, 2021, that it has closed its non-brokered private placement (the “Placement”) resulting in gross proceeds of C$7,461,265. The Placement consisted of the issuance of 114,788,691 units (the “Units”) at a price of C$0.065 per Unit. Each Unit consisted of one common share of the Company (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a "Warrant"), with each Warrant exercisable to acquire one Share at C$0.12 per Share until May 18, 2023. In connection with the Placement, the Company paid cash finder’s fees in the aggregate amount of C$371,565 and issued a total of 5,353,385 finder’s warrants (the “Finder’s Warrants”). The Finder’s Warrants have the same terms as the Warrants issued under the Placement. All securities issued in the Placement are subject to a hold period expiring on September 19, 2021. The Company intends to use the proceeds of the Placement for exploration work to continue trenching and drilling at the Oko West Project in Guyana and for other general working capital purposes. The Placement is subject to final acceptance by the TSX Venture Exchange upon filing of final documentation. Certain insiders of the Company acquired Units in the Placement. The participation by such insiders in the Placement constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such participations are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the fact that neither the fair market value of the shares subscribed for by the insiders, nor the consideration for the shares paid by such insiders, would exceed 25% of the Company’s market capitalization. The Company’s previously announced brokered private placement (the “Brokered Offering”) of units on the same terms as the Units for gross proceeds of up to approximately C$3 million is expected to close on May 21, 2021. Additional details regarding the Brokered Offering are provided in the Company’s news release dated April 27, 2021, copies of which are available on the Company’s SEDAR profile at www.sedar.com. Cautionary Statement The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States. This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward looking information in this news release includes information with respect to the private placement of units, including receipt of TSX Venture Exchange approval, the intended use of proceeds and the expected closing date of the Brokered Placement. Forward-looking information is based on reasonable assumptions that have been made by Reunion Gold Corporation as at the date of the information and is subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking information. 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. About Reunion Gold Reunion Gold Corporation is a leading gold explorer with a portfolio of projects in the Guiana Shield, South America. The Company’s shares are listed on the TSX Venture Exchange under the symbol ‘RGD’. Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information please contact: REUNION GOLD CORPORATION Carlos Bertoni, Acting CEOPaul Fowler, Manager, Corporate DevelopmentTel: +1 450.677.2054Email: info@reuniongold.com