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Reunion Gold Corp V.RGD

Reunion Gold Corporation is a Canada-based gold explorer in the Guiana Shield, South America. The Company is primarily engaged in the acquisition, exploration and development of gold mineral properties in the Guiana Shield region in South America. The Company’s flagship project is its 100%-owned Oko West Project located in Guyana. The Company also has an interest in other gold exploration projects in Suriname and French Guiana. The Oko West Project is in the Cuyuni Mining District, approximately 95 kilometers (km) west of Georgetown. The Oko West Project comprises a prospecting License with an area of approximately 44 square kilometers. The gold deposits in French Guiana are Montagne d’Or, Camp Caiman, Dorlin, Esperance, and Dieu Merci. Its French Guiana projects include Boulanger and Dorlin.


TSXV:RGD - Post by User

Post by RGDInvestorson Sep 19, 2023 9:05pm
316 Views
Post# 35644501

stock offering

stock offeringAlthough I am sure some people are worried about the drop in the price, its pretty amazing that the company was able to raise $85 million (70 plus the oversubscribed options) in this market - and a bought deal at that, meaning that the underwriters are commited to buying this offering even if they cannot resell all of it (which the take up on the extra $15 million would indicate is not the case)

https://finance.yahoo.com/news/reunion-gold-announces-c-70-202700181.html

Now the company has enough money to keep drilling and expanding its indicated resource - it is clear that the financing community thinks this is the real deal. 

The next thing I would like to see is a deal with a major like Newmont to have them subscribe for 10% of the shares to balance off Barrack's 10% and set up the bidding war likely to happen Q1 2024.
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