Canadian Mining Journal


GOLD: Reunion to raise $15M for projects in French Guiana

FRENCH GUIANA – Reunion Gold Corp. of Longueuil, Que., wants to raise $15 million for work at tis gold projects in this country. The company is making a non-brokered private placement consisting of units priced at $0.13 each.

Drill core from the Dorlin gold project. (Credit: Reunion Gold)

Each unit consists of one Reunion common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one share for a price of $0.20. The offering is expected to close on Sept. 7, 2017, subject to corporate and regulatory approvals.

The company has three gold exploration projects in French Guiana – Dorlin, Haute Mana and CMB. The Haute Mana and CMB projects are wholly owned; Reunion has an option to earn 75% of the Dorlin project. The projects are located in the Guiana Shield, considered by Reunion to be a world class gold district.

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