Reunion Gold Corporation Announces its Financial Results for the 3rd Quarter Ended December 31, 2007 and Appointment of Investor
February 27 2008 - 9:25AM
Marketwired
LONGUEUIL, QUEBEC (the "Company") announces that its
Consolidated Financial Statements and Management's Discussion &
Analysis for the 3rd quarter ended December 31, 2007 have been
filed on SEDAR (www.sedar.com). They are also available through
Marketwire's website at
http://media3.marketwire.com/docs/FIN_MDA_0227.pdf and on the
Company's website at www.reuniongold.com.
At December 31, 2007, the Company had cash of $6,526,300. The
Company issued 6,112,500 Units consisting of one common share and
one half of one warrant in November and December 2007 from the
incentive program to encourage the early exercise of warrants
issued in 2004. The Company has 46,969,316 common shares issued and
outstanding, 14,496,165 common share purchase warrants outstanding
at an exercise price varying between $1.25 and $1.50 per share,
expiring at various dates from December 2008 to December 2009 and
3,570,000 outstanding stock options at an exercise price varying
between $0.20 and $2.15 and expiring by March 2012.
The Company is continuing its exploration for gold on the Antino
Project located in Suriname and is planning to soon commence an
intensive exploration effort to evaluate the Lely Project, also
located in Suriname. The Company entered into an agreement to
acquire the Lely Project in October 2007, subject to regulatory
approval. The Company is preparing the documentation required by
the TSX Venture Exchange in its conditional approval. The
transaction will close upon receiving final acceptance from the
Exchange.
The Company is also pleased to announce that Ms. Geraldine
Paxton has been appointed to the position of Manager, Investor
Relations. Ms. Paxton will be joining Louise Quinn to form an IR
team whose mandate is to ensure that the Company's Investor
Relations activities and needs are fulfilled. Ms. Paxton has
significant experience and success in investor relations and most
recently managed the investor relations functions for Palmarejo
Silver and Gold Corporation from 2005 until the merger with Coeur
d'Alene Mines Corporation.
Ms. Paxton and Quinn have each been granted an option to
purchase 75,000 common shares of the Company. The options are
exercisable at a price of $1.04 per share, subject to a vesting
period and expire on February 26, 2013. The appointment of Ms.
Paxton and the option grants are subject to the approval of the TSX
Venture Exchange.
The Company is focused on acquiring and exploring projects in
the Guiana Shield in South America. Additional information about
the Company is available through regular filings and press releases
on SEDAR and on the Company's website.
This news release contains "forward looking statements"
including, but not limited to, statements concerning future
financial or operating performance of the Company and its project,
requirements for additional capital and acquisition of new
projects. Forward-looking statements are not historical facts and
are subject to a number of known and unknown risks and
uncertainties beyond the Company's control. These statements may
cause the actual results, levels of activity, performance or
achievement of the Company to be materially different from any
future results, levels of activity, performance or achievement
expressed or implied by these forward looking statements. There can
be no assurance that such statements will prove to be accurate.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Reunion Gold Corporation James Crombie President &
CEO 450-677-2585 450-677-2601 (FAX) james_crombie@reuniongold.com
Reunion Gold Corporation Louise Quinn/Gerri Paxton Investor
Relations 450-677-3523/ 450-677-2054 450-677-2601 (FAX)
louise_quinn@reuniongold.com gerri_paxton@reuniongold.com
Reunion Gold (TSXV:RGD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Reunion Gold (TSXV:RGD)
Historical Stock Chart
From Jul 2023 to Jul 2024