NetworkNewsBreaks – Reunion Gold Corp. (TSX.V: R
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Posted On: 04/22/2024 4:51:22 PM
NetworkNewsBreaks – Reunion Gold Corp. (TSX.V: RGD) (OTCQX: RGDFF), G Mining Ventures Announce Combination to Set the Stage for a Leading Intermediate Gold Producer in the Americas
Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), together with G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF), today announced entry into a definitive agreement to combine the two companies, setting the stage for the creation of a leading intermediate gold producer (the “transaction”). Through the transaction, GMIN will acquire RGD’s flagship Oko West Project located in Guyana, within the Guiana Shield region, one of the most attractive mining jurisdictions in South America. Under the agreement, GMIN and RGD shareholders will receive common shares of a newly formed company (the “New GMIN”) equivalent to RGD shareholders being issued 0.285 GMIN common shares for each RGD common share. In addition, RGD shareholders will receive common shares in a newly created gold explorer (“SpinCo “) that will hold all of RGD’s assets other than Oko West. GMIN has agreed to fund SpinCo with $15 million. “We are very pleased to announce this transaction today, which we believe is a testament to the outstanding work our team has done rapidly discovering and advancing Oko West over the last few years,” said Rick Howes, CEO, president and director of RGD. “We believe that this transaction not only delivers our shareholders an attractive upfront premium, but also the ability to participate with significant ongoing ownership in the combined company, having the opportunity to participate in an expected future re-rating as Oko West is advanced towards production.”
NOTE TO INVESTORS: The latest news and updates relating to RGDFF are available in the company’s newsroom at https://nnw.fm/RGDFF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), together with G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF), today announced entry into a definitive agreement to combine the two companies, setting the stage for the creation of a leading intermediate gold producer (the “transaction”). Through the transaction, GMIN will acquire RGD’s flagship Oko West Project located in Guyana, within the Guiana Shield region, one of the most attractive mining jurisdictions in South America. Under the agreement, GMIN and RGD shareholders will receive common shares of a newly formed company (the “New GMIN”) equivalent to RGD shareholders being issued 0.285 GMIN common shares for each RGD common share. In addition, RGD shareholders will receive common shares in a newly created gold explorer (“SpinCo “) that will hold all of RGD’s assets other than Oko West. GMIN has agreed to fund SpinCo with $15 million. “We are very pleased to announce this transaction today, which we believe is a testament to the outstanding work our team has done rapidly discovering and advancing Oko West over the last few years,” said Rick Howes, CEO, president and director of RGD. “We believe that this transaction not only delivers our shareholders an attractive upfront premium, but also the ability to participate with significant ongoing ownership in the combined company, having the opportunity to participate in an expected future re-rating as Oko West is advanced towards production.”
NOTE TO INVESTORS: The latest news and updates relating to RGDFF are available in the company’s newsroom at https://nnw.fm/RGDFF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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