Reunion Gold Provides a Corporate Update

(firmenpresse) - LONGUEUIL, CANADA -- (Marketwired) -- 04/18/16 -- Reunion Gold Corporation (TSX VENTURE: RGD) (the "Company") is pleased to report that the Guyana Geology & Mines Commission ("GGMC") has confirmed that the Matthews Ridge prospecting licenses held by Reunion Manganese Inc., the Company's Guyanese subsidiary, continue to be in good standing. As a result of the significant decline in manganese price which has adversely affected the development of the Matthews Ridge project, the GGMC has agreed to defer certain obligations under the licenses for a period of up to two years, ending April 30, 2018.

The Matthews Ridge project continues to be on care and maintenance while the Company is evaluating various options to fund ongoing obligations.Under the current market conditions, there can be no assurance that the Company will be able to complete a financing or other type of arrangement to fund its ongoing obligations and develop its Matthews Ridge project.

The Matthews Ridge project which contains a significant manganese resource is located in the North West District of Guyana, South America. Additional information about the Company is available on SEDAR () and on the Company's website ().

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.



Contacts:
Reunion Gold Corporation
David Fennell
Executive Chairman
+1 450.677.2585
+1 450.677.2601 (FAX)

Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: Marketwired
Datum: 18.04.2016 - 16:33 Uhr
Sprache: Deutsch
News-ID 464652
Anzahl Zeichen: 0

contact information:
Town:

LONGUEUIL, CANADA

Kategorie:

Mining & Metals

Diese Pressemitteilung wurde bisher 177 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Reunion Gold Provides a Corporate Update"
steht unter der journalistisch-redaktionellen Verantwortung von

Reunion Gold Corporation (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Reunion Gold Announces Option to Acquire a Large Gold Property in French Guiana ...

LONGUEUIL, QUEBEC -- (Marketwired) -- 07/27/17 -- Reunion Gold Corporation (TSX VENTURE: RGD) (the "Company" or "Reunion") is pleased to announce that it has entered into a three-year option agreement to acquire from Compagnie M ...

Reunion Gold Closes Private Placement ...

LONGUEUIL, QUEBEC -- (Marketwired) -- 03/09/17 -- Reunion Gold Corporation (TSX VENTURE: RGD) (the "Company") announces that it has completed its recently announced non-brokered private placement and issued 7,133,660 common shares of the ...

Reunion Gold Announces Private Placement ...

LONGUEUIL, QUEBEC -- (Marketwired) -- 02/14/17 -- Reunion Gold Corporation (TSX VENTURE: RGD) (the "Company") announces that it is undertaking a non-brokered private placement of 7,133,660 common shares of the Company at a price of $0.10 ...

Alle Meldungen von Reunion Gold Corporation