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Reunion Gold Corporation (RGD.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.11500.0000 (0.00%)
At close: 1:31PM EDT
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Neutralpattern detected
Previous Close0.1150
Open0.1100
Bid0.1100 x 0
Ask0.1200 x 0
Day's Range0.1100 - 0.1200
52 Week Range0.0500 - 0.3200
Volume585,358
Avg. Volume399,814
Market Cap58.306M
Beta (5Y Monthly)1.23
PE Ratio (TTM)N/A
EPS (TTM)-0.0340
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.95
  • GlobeNewswire

    Reunion Gold announces the resumption of exploration activities at its projects in Guyana and French Guiana

    LONGUEUIL, Quebec, Aug. 13, 2020 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (“Reunion” or the “Company”) is pleased to announce the restart of field work at some of its gold exploration projects in Guyana and French Guiana. Activities for the remainder of 2020 are focused on advancing exploration at the Aremu North, Oko West and Boulanger projects. Field work had been temporarily suspended at the end of March due to COVID-19 related travel restrictions and safety precautions, and the Company has implemented a number of new procedures to ensure the well-being of its staff, including the daily monitoring of temperature and blood oxygen levels, both onsite and during travel to and from projects, under the guidance of local medical consultants.Guyana Aremu North is part of the Company’s Strategic Alliance with Barrick Gold Corporation. Field activities resumed in mid-July and include the completion of additional geochemical sampling and the restart of an approximately 2,000-meter trenching program. Trenching is testing four main prospects identified from an airborne magnetic and radiometric survey completed in Q4 2019, and subsequent geochemical sampling completed in Q1 2020. Depending on the results from this trenching program, a decision will be made to drill test certain targets in Q4 2020.Oko West is part of a group of permits where Reunion has an option to solely acquire 100% of the ownership rights. Sampling carried out in Q1 of 2020 has defined a 2km long gold-in-soil anomaly that is coincident with a major north-south striking shear zone (see Figure 1) identified from an airborne geophysical survey (magnetic and radiometric survey completed in late 2019). This gold-in-soil anomaly is interpreted as the surficial expression of one or more basement-contact parallel structures that may represent the continuation of mineralized units intersected in diamond drilling by G2 Goldfields, located immediately north of the Oko West permits boundary. The Company is currently arranging a new camp and mobilizing heavy equipment to the project. It expects to complete a trenching program once the setup is complete, before initiating a 1,500-meter drill program in late-September.French Guiana The Boulanger project is located 60km by paved road to the south of Cayenne, the capital city of French Guiana. Following a recent suspension of activities that have allowed for a detailed review and reinterpretation of both the Company’s and historical data, field teams have returned to site during the first week of August. A roadcut sampling program along existing tracks that cross the prospect area is underway, along with drill site and access construction, in preparation for a 2,000-meter diamond drilling program planned to commence by the end of September.At Boulanger, the priority is the advancement of the Crique Filon prospect, where activities aim to expand the potential footprint of gold mineralization interpreted as hosted in multiple parallel shear deformation zones that cross the southern portion of the project. Results from the planned drilling program are anticipated to be available by year-end.Update on other projectsThe Company is pleased to announce that the Dorlin Exploitation Permit (“PEX”) was renewed on July 30, 2020. The approval of the renewal application which was originally filed in 2015 has extended the validity of the PEX until July 31, 2020. In accordance with the French Mining Code, the filing of the concession application by the holder of the PEX on June 2, 2020 has the effect of extending the validity of the Dorlin PEX while the concession application is being processed. Subject to obtaining the required authorizations, the Company will be able to continue to work on the Dorlin Project in French Guiana.The Company also announces that it has notified the permit holders of the Waiamu Project in Guyana of its decision to terminate the option agreement due to the disappointing results obtained from our exploration work. The Company will be writing off capitalized expenditures related to that project.Qualified PersonThe technical information in this press release has been reviewed and approved by Justin van der Toorn, CGeol FGS, the Company’s Exploration Manager. Mr. van der Toorn 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 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) 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 is well financed to complete its planned exploration work with the recent completion of a $6 million private placement. 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 on the Company’s website (www.reuniongold.com). For further information please contact:REUNION GOLD CORPORATION Réjean Gourde, President & CEO Paul Fowler, Manager, Corporate Development Telephone: +1 450.677.2585 Email: info@reuniongold.comFigure 1: Oko West gold-in-soil anomaly, in relation to the permit outlines and recent drilling carried out by G2 Goldfields Inc. to the north of the project.

  • GlobeNewswire

    Reunion Gold Announces Closing of $6 Million Private Placement

    NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. LONGUEUIL, Quebec, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (“Reunion” or the “Company”) is pleased to announce that it has completed its previously announced non-brokered private placement and raised gross proceeds of $6.0 million through the issuance of 75,000,000 units (the “Units”) at $0.08 per Unit (the “Offering”). Each Unit consisted of one common share of the Company and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles its holder to acquire one common share of the Company at a price of $0.12 per share until August 6, 2022. Reunion has paid finders’ fees of C$350,400 in cash and issued a total of 4,192,000 finders compensation warrants exercisable at a price of $0.12 until August 6, 2022 to certain qualified finders. All securities issued on closing of the Offering are subject to a statutory hold period expiring four months and one day after their date of issuance. The net proceeds of the Offering will be used primarily to fund exploration programs at its projects in the Guiana Shield and for general working capital purposes.Dundee Corporation, indirectly through Dundee Resources Limited, acquired 18,750,000 Units increasing its shareholding in the Company from 12.2% to 14.1% on a non-diluted basis. Certain directors and senior officers of the Company acquired 955,673 Units in the Offering. In addition, as part of the Offering, one director of the Company participated in a transaction with an arm’s length party by selling $500,000 of its free-trading shares in the Company through the facilities of the TSX Venture Exchange, and used all of the proceeds from the sale of these shares to purchase Units under the Offering.The Company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves the related parties, exceeded 25% of the Company's market capitalization (as determined under MI 61-101).The Offering was conducted in reliance upon certain prospectus and private placement exemptions. The Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended.Cautionary StatementThis news release contains certain “forward-looking information” under Canadian securities laws. Specifically, this news release contains forward looking information about the Company’s planned use of the proceeds of the Offering. There can be no assurance that outcomes anticipated in the forward-looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, 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) accepts responsibility for the adequacy or accuracy of this press release.About Reunion GoldReunion 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 Réjean Gourde, President & CEO Paul Fowler, Manager, Corporate Development Telephone: +1 450.677.2585 Email: info@reuniongold.com

  • GlobeNewswire

    Reunion Gold Announces Increase to Private Placement

    NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.LONGUEUIL, Quebec, July 22, 2020 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to announce that, due to higher than expected demand, the Company intends to increase the size of its non-brokered private placement announced on July 21, 2020 from 50,000,000 units of the Company ("Units") to 75,000,000 Units at a price of $0.08 per Unit, for gross proceeds of up to $6.0 Million (the “Offering”). Each Unit will consist of one common share of the Company and one half of one common share purchase warrant (each whole warrant, a "Warrant"), with each Warrant exercisable to acquire one common share at $0.12 for a period of 24 months from the closing date of the Offering. The Company expects to close the Offering on or about August 5, 2020, subject to certain conditions including the approval of the TSX Venture Exchange (“TSXV”). In connection with the Offering, the Company may pay finder’s fees to qualified finders in accordance with the policies of the TSXV. All other terms of the Offering described in the July 21, 2020 news release remain unchanged.The Offering will be conducted in reliance upon certain prospectus and private placement exemptions. The securities issuable under the private placement will be subject to a hold period expiring four months and one day after the closing date. The Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.Cautionary StatementThis news release contains certain “forward-looking information” under Canadian securities laws. Specifically, this news release contains forward looking information about the Company’s plans to complete the Offering on the terms announced or at all, and on the use of the proceeds of the Offering. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company’s control, including risks related to capital markets and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward-looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, 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) accepts responsibility for the adequacy or accuracy of this press release.About Reunion GoldReunion 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              Réjean Gourde, President & CEO Paul Fowler, Manager, Corporate Development Telephone: +1 450.677.2585 Email: info@reuniongold.com