REBgold Announces Non-Brokered Private Placement
(firmenpresse) - TORONTO, CANADA -- (Marketwire) -- 11/08/11 -- REBgold Corporation ("REBgold" or the "Company") (TSX VENTURE: RBG) is pleased to announce that it intends to complete a non-brokered private placement of up to 40,000,000 Units at a price of $0.05 per Unit for gross proceeds of up to $2,000,000. Each Unit will consist of one common share and one warrant to purchase a common share of the Company. Each warrant will entitle the holder to purchase one additional common share at a price of $0.10 per share expiring on November 10, 2016. Net proceeds from the offering will be used for exploration, development and permitting expenditures on the Company's Finnish projects, business development and general working capital purposes. Completion of the offering is subject to TSX Venture Exchange approval.
It is anticipated that insiders of the Company will subscribe for up to $950,000 of the private placement. The Company will pay a finder's fee to third parties who introduce subscribers for the offering, consisting of an 8% cash commission and 8% compensation options, with each compensation option entitling the holder to purchase one common share at a price of $0.05 per share for eighteen months. All securities issued under the offering will be subject to a minimum four-month statutory hold period.
REBgold PROFILE
REBgold is in the process of acquiring and developing economic interests in gold assets, in particular, where it can utilize its competitive advantages, to create shareholder value.
The Company's key competitive advantages include an experienced board and management team, strategic investor backing and proprietary technology. The Company's bacterial oxidation and bioleaching technologies are commercially proven for the liberation of precious metals from difficult-to-treat sulphide ores and concentrates, with environmental and economic benefits. To date, the Company's BACOX technology has been used at three gold mines located in Western Australia, Tasmania and China.
Shares outstanding 162,258,486
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 release.
Contacts:
REBgold Corporation
EJ Spencer
Corporate and Investor Relations Administrator
416-646-1850 X 242
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Datum: 08.11.2011 - 13:42 Uhr
Sprache: Deutsch
News-ID 85126
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contact information:
Town:
TORONTO, CANADA
Kategorie:
Mining & Metals
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