REBgold Announces Non-Brokered Private Placement
08 Novembre 2011 - 2:42PM
Marketwired
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 242www.reb-gold.com
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