RGD Reunion Gold Corp

Reunion Gold Corporation (TSX VENTURE:RGD) (the "Company" or "Reunion")
announces plans to replace existing loans from two senior executives of the
Company with convertible notes with aggregate principal amounts of $US 212,000
and $C 1,007,000 (the "Convertible Notes"). The Convertible Notes will bear
interest at the rate of 1% per month until maturity. All of the outstanding
principal and interest accrued will be repayable on the earlier of the
completion of a minimum financing by Reunion or upon demand at any time after
June 30, 2014. The Convertible Notes will be convertible into Reunion common
shares at maturity, at the option of the holder. Subject to the approval of the
TSX Venture Exchange ("TSXV"), the conversion price for the outstanding
principal of the Convertible Notes is C$0.14, and the conversion price for
accrued interest will be equal to the Market Price (as defined in the policies
of the TSXV) of Reunion shares at the time of conversion of the interest.
Reunion will have the right to redeem the Convertible Notes at any time prior to
maturity. 


The Convertible Notes will be issued in reliance upon prospectus and private
placement exemptions under National Instrument 45-106 - Prospectus and
Registration Exemptions and the Convertible Notes and underlying securities
issuable upon conversion will be subject to a four month hold period. The
issuance of the Convertible Notes is subject to the approval of the TSX Venture
Exchange.


The issuance of the Convertible Notes constitutes a related party transaction
under Multilateral Instrument 61-101 - Protection of Minority Security Holders
in Special Transactions ("MI 61-101") as the subscribers are two directors and
officers and the holding company of a director and officer of Reunion. The
issuance of the Convertible Notes is exempt from the related party valuation and
minority security holder approval requirements of MI 61-101 on the basis that
the Convertible Notes have an aggregate fair market value of less than 25% of
the market capitalization of Reunion.


About the Company

The Company through its 100% owned subsidiary Reunion Manganese Inc. has
assembled a large, strategic land position to conduct exploration and
development activities for manganese in the North West District of Guyana. The
Company announced an initial resource estimate for its Matthews Ridge manganese
project in February 2013 and the results of a pre-feasibility study in July
2013. Manganese is the fourth largest metal consumed in the world, behind iron,
aluminum and copper. It is a key component in steel and iron production with no
viable substitute.


"Neither 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."


Additional information about the Company is available through regular filings
and press releases on SEDAR (www.sedar.com) and on the Company's website at
www.reuniongold.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Reunion Gold Corporation
James Crombie
President and Chief Executive Officer
450.677.2585
450.677.2601 (FAX)
info@reuniongold.com
www.reuniongold.com

Reunion Gold (TSXV:RGD)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Reunion Gold (TSXV:RGD)
Historical Stock Chart
Von Jun 2023 bis Jun 2024