Reunion Gold Corporation

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Reunion Gold Corporation is a Canadian exploration and development company focused on acquiring, exploring and developing gold projects in the highly prospective Guiana Shield of South America. The Guiana Shield, located on the northern edge of the Amazon Craton of South America, is well-endowed ...

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Reunion Gold Corporation

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Reunion Gold Corporation is a Canadian exploration and development company focused on acquiring, exploring and develo......

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2 days

8020Admin posted a press release Reunion Gold reports new high-grade gold discovery at the Boulanger Project in French Guiana in REUNION GOLD CORPORATION

LONGUEUIL, Quebec, July 16, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company” or “Reunion Gold”) is pleased to report a new high-grade gold discovery at the Saint-Michel prospect, part of the Boulanger Project located in north-central French Guiana.



  • Systematic sampling of 42 mineralized dumps located next to 47 artisanal shafts and adits scattered over an area of 260 meters by 95 meters returned an average grade of 17.3 g/t gold.

  • An induced polarization survey indicated two 600-meter-long parallel chargeability anomalies, one of which coincides with the Saint-Michel artisanal workings.


Saint-Michel high-grade gold prospect


The Saint-Michel prospect is located within a one square kilometer small scale mining permit (“AEX”), which was recently added to the option agreement between Reunion Gold and Compagnie Minière de Boulanger (“CMB”), north of the Boulanger concession and easily accessible via the RN 2 paved highway. The AEX (Figure 1) is located within the Chawari exploration permit application recently filed by CMB, and which also becomes part of the option agreement.


In the last quarter of 2018, illegal artisanal miners had sunk several shafts and adits and reportedly produced significant amounts of gold from the prospect. The area was recently cleared of illegal activity by the French army and police.


Mapping of the Saint-Michel prospect identified 47 shafts and adits scattered over an area of 260 meters by
95 meters elongated in an NNE-SSW direction (Figure 2). Systematic sampling of the Saint-Michel mineralized stockpiles extracted from the artisanal workings returned an average of 17.3 g/t gold from 42 samples with the highest assay at 45.9 g/t gold (Table 1). Stockpile masses vary from one hundred kilos to about 16 tons.


These artisanal workings indicate that gold mineralization is hosted by graphitic shale and red siltstone from a distal turbidite sequence with a high density of boudinaged and tightly folded quartz veins and veinlets associated with sulphides, along a north-south striking subvertical foliation in what is interpreted as a shear zone. Preliminary sampling of limited outcrop exposure returned assay results up to 18.2 g/t gold from a “grab” sample and up to 26.6 g/t gold over a one-meter channel sample (Figure 2). Systematic channel sampling of exposed outcrop is not possible due to the unstable and steep outcrop face.


Réjean Gourde, Reunion Gold´s CEO stated, “Our preliminary sampling of the Saint-Michel prospect shows some of the best gold grade our team has ever encountered in the Guiana Shield and we look forward to systematically exploring this area as we move the Boulanger Project forward”.


Saint-Michel IP survey and planned exploration work


An induced polarization (IP) geophysical survey was run over an area of 2 km by 1.8 km covering the Saint- Michel prospect area. This IP survey was carried out using state-of-the-art equipment and a gradient-array method, covering 18 line-km on 200 m-spaced lines. Two parallel north-south 600-meter long chargeability anomalies are located over an 800 meter by 500-meter large resistive zone. The artisanal workings coincide well with the westernmost chargeability anomaly. These anomalies outline the mapped turbidites with sheared conductive graphitic shales hosting a high proportion of sulphides (Figures 3 and 4). Historical soil geochemistry results also confirm the presence of a gold anomaly located downhill from the workings.


The Company intends to carry out a drilling program at the Saint-Michel prospect to delineate the geometry and grade of gold mineralization as soon as a license for exploration work has been obtained.


Other Boulanger Project exploration work


Eight new IP survey lines totaling eight kilometers were completed to cover fold closures of the 2018 survey at the Carapa exploration permit and Central Bief concession. In addition, four lines of pole-dipole jointly covering 4.8 kilometers were surveyed to provide additional information on the suspected fold closures and better define drill targets (Figure 5).


An 1,100-meter core drilling program in six drill holes was completed in June 2019 at Central Bief and Carapa (Figure 5). The program aimed at testing targets identified from the 2018 and 2019 IP surveys and geological mapping by the Company:



  • Three drill holes tested a large chargeability anomaly interpreted as representing a fold nose with possible fracturing in a competent unit that could host gold-bearing veins and where shearing with its gold-bearing veining could be expected at competency contrasts between volcanics and tuffs;

  • One drill hole targeted an interpreted shear zone based on resistivity contrasts in a pole-dipole IP profile; and

  • Two drill holes targeted tension and shear veins extrapolated from surface mapping located at a chargeability gradient.


Significant shear zones, ranging in apparent width from 2.4 meters to 12 meters were intersected in four drill holes. Quartz veins with apparent widths of 2.7 meters and 3.8 meters were cut in two drill holes. All these shear zones and quartz veins contain various amounts of sulphides and may or may not carry gold values. However, visible gold was observed in quartz-carbonate veins within shear zones in two drill holes. The core samples are being shipped for assaying and results will be released when available.


Quality analysis and quality control


The Company has implemented a quality assurance and quality control (QA/QC) program and chain of custody protocols for all its sampling and particularly for drilling programs. Certified standards and blanks are respectively inserted in average every 20 samples, resulting in the insertion of about 10 percent of control samples. In addition, blanks are inserted after visually identifying mineralized zones to ensure that the results are meaningful. The samples are analyzed for gold by fire assay with atomic absorption finish on 30‐gram pulps by the FILAB-AMSUD laboratory in Surinam. Samples above 10 g/t gold are systematically re‐ analyzed with gravimetry finish. FILAB-AMSUD is an accredited laboratory for quality procedure according to ISO 9001(2008) and ISO/IEC 17025.


The Boulanger Project


The Company has an option to acquire a 100% interest in the Boulanger Project from CMB. The option agreement between the Company and CMB was recently amended. The parties agreed to add the Saint- Michel AEX and the Chawari exploration permit (PER), if the application is granted. In addition, the option period was extended by one year to July 27, 2021. Other terms and conditions which described in the July 27, 2017 news release remain unchanged.


The Boulanger Project consists of 38.4 km² of mining concessions (Central Bief, Devez North and South, and Boulanger), the 24 km² Carapa exploration permit and the 1 km² Saint-Michel AEX. It is located approximately 40 km south of Cayenne and readily accessible by paved and laterite roads. The Boulanger Project is underlain by Proterozoic rocks consisting of Armina detritic sediments and Paramaca volcano-sediments intruded by granites and metamorphosed to greenschist facies. The Boulanger Project area is cut by various shear zones characterized by intense deformation and hydrothermal alteration. Gold is associated with quartz veins, pyrite and locally intense tourmaline alteration. Geological mapping and soil geochemistry indicate numerous anomalous zones that require follow-up exploration. There has been significant gold production from the Boulanger Project area for over one hundred years.


Qualified Persons


Dr. Dominique Fournier, EurGeol., the exploration manager for Reunion Gold in French Guiana and a qualified person pursuant to National Instrument 43-101, is responsible for the work being done at the Boulanger Project. Carlos Bertoni, P. Geo., a consultant to Reunion Gold and a qualified person pursuant to National Instrument 43-101, has reviewed and approved the scientific and technical data contained in this press release.


Cautionary Statement


This press release contains certain forward-looking information as defined in applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will", "occur" or "be achieved" or the negative connotation thereof. Specifically, this press release includes forward-looking information regarding the results and interpretation of surveys and drilling programs, potential mineralization, and future plans and objectives of the Company. The assumptions made by the Company in preparing the forward-looking information contained in this news release, which may prove to be incorrect, include, but are not limited to: that the Company will have the funds required to conduct the planned exploration activities, that the Company will receive required permit to conduct exploration activities and the expectations and beliefs of management.. Forward-looking statements involve known and unknown risks, uncertainties and other factors including risks associated with the conduct of exploration activities, gold price volatility, having the funds required to conduct the planned exploration activities and to meet the conditions under the option agreement, renewal application process, regulatory approvals or permitting delays. This cautionary statement qualifies all forward-looking statements herein. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company’s shares are listed on the TSX Venture Exchange under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com ) and on the Company’s website (www.reuniongold.com ). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO David Charles CFA, Investor Relations Telephone: +1 450.677.2585
Email: info@reuniongold.com


Figure 1: Location and geological context of the Boulanger Project mineral rights, including the Saint-Michel AEX and Chawari exploration permit (PER) application.


Figure 2: Location of artisanal workings on the Saint-Michel AEX with selected results of sampling of mineralized stockpiles located next to workings (in black) and of outcrop sampling (in red). A full list of assays is presented in Table 1.


Figure 3: IP chargeability anomalies with historical soil geochemistry results and location of artisanal workings on topography.


Figure 4: IP resistivity anomalies with historical soil geochemistry results and location of artisanal workings on topography.


Figure 5: Drill targets and their relationship with IP chargeability anomalies (red and violet indicating high chargeability) in Central Bief concession and Carapa exploration permit area.


 


Read more here:  https://www.quotemedia.com/portal/quote?qm_symbol=RGD%3ACC&qmodStoryID=8356004260717187 

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8020Admin

15 days

8020Admin posted a press release Reunion Gold Announces Extension of Private Placement in REUNION GOLD CORPORATION


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

LONGUEUIL, Quebec, July 04, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) reports that it has applied for and received consent from the TSX Venture Exchange (“TSXV”) of a 30-day extension to close a second tranche of a previously announced private placement offering (the “Offering”). See the Company’s news releases issued on April 17, 2019 and on June 3, 2019 for further information about the Offering.


Cautionary Statement


The Offering is subject to receipt of all necessary regulatory approvals including the final approval of the TSXV. The common shares issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.


This news release contains certain forward-looking information about the Company’s plans to complete a second tranche of the Offering. There can be no assurance that the Offering will be completed as proposed or at all.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company’s common shares are listed on the TSXV under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com


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8020Admin

15 days

8020Admin posted a press release Reunion Gold Announces Closing of a First Tranche of Private Placement in REUNION GOLD CORPORATION


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

LONGUEUIL, Quebec, June 03, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to announce that it has closed a first tranche of its previously announced private placement offering (the “Offering”). The Company issued 9,473,684 common shares at a price of C$0.19 per share for proceeds of approximately C$1.8 million. The common shares issued are subject to a hold period expiring October 1, 2019.


The Company has applied for and received consent from the TSX Venture Exchange (“TSXV”) to a 30-day extension to close a second tranche. See the Company’s news release issued on April 17, 2019 for further information about the Offering.


Cautionary Statement


The Offering is subject to receipt of all necessary regulatory approvals including the final approval of the TSXV. The common shares issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.


This news release contains certain forward-looking information about the Company’s plans to complete a second tranche of the Offering. There can be no assurance that it will be completed as proposed or at all.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company’s common shares are listed on the TSXV under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com


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8020Admin

2 months

8020Admin posted a press release Reunion Gold Announces Closing of a First Tranche of Private Placement in REUNION GOLD CORPORATION


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

LONGUEUIL, Quebec, June 03, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to announce that it has closed a first tranche of its previously announced private placement offering (the “Offering”). The Company issued 9,473,684 common shares at a price of C$0.19 per share for proceeds of approximately C$1.8 million. The common shares issued are subject to a hold period expiring October 1, 2019.


The Company has applied for and received consent from the TSX Venture Exchange (“TSXV”) to a 30-day extension to close a second tranche. See the Company’s news release issued on April 17, 2019 for further information about the Offering.


Cautionary Statement


The Offering is subject to receipt of all necessary regulatory approvals including the final approval of the TSXV. The common shares issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.


This news release contains certain forward-looking information about the Company’s plans to complete a second tranche of the Offering. There can be no assurance that it will be completed as proposed or at all.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company’s common shares are listed on the TSXV under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com


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8020Admin

3 months

8020Admin posted a press release Reunion Gold Announces Filing of NI 43-101 Technical Report for the Dorlin Project in French Guiana in REUNION GOLD CORPORATION

LONGUEUIL, Quebec, April 26, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to announce that it has filed on SEDAR a technical report for the Dorlin Project prepared in accordance with Canadian Securities National Instrument 43-101 Standards of Disclosure for Mineral Properties and Form 43-101F1.


The technical report was prepared by Réjean Sirois, Eng. and James Purchase, P.Geo., both of G Mining Services Inc., and supports the scientific and technical disclosure made by the Company in its March 14, 2019 news release entitled “Reunion Gold announces a Mineral Resource Estimate for the Nivré deposit, Dorlin Gold project, French Guiana”.  The effective date of the technical report is March 2, 2019, and there are no material differences between the results announced in the news release and those contained in the report filed on SEDAR (www.sedar.com) and available on the Company’s website (www.reuniongold.com).


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Dorlin project is located in French Guiana and the Company has an option to acquire a 75% interest in the project. The Company’s common shares are listed on the TSX Venture Exchange under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com

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8020Admin

3 months

8020Admin posted a press release Reunion Gold announces the appointment of Barrick's nominee to its board of directors in REUNION GOLD CORPORATION

LONGUEUIL, Quebec, March 15, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to announce the appointment of Ms. Marian Moroney to its Board of Directors, increasing the Board to ten directors, eight of whom are independent.


Ms. Moroney is currently Vice-President, New Exploration Opportunities at Barrick Gold Corporation (“Barrick”), where she is responsible for pipeline growth. She has worked in Barrick’s exploration department since 2002. She is a graduate of the University of Melbourne, Australia (Bachelor of Science in Geology). Ms. Moroney brings more than 25 years of experience in gold and copper exploration, having worked on projects at all stages and across most continents. Ms. Moroney served on the Prospectors & Developers Association of Canada (PDAC) board of directors from 2014-2017 and was named in the list of "100 Global Inspirational Women in Mining" by Women in Mining in 2015.


As part of their participation in the private placement offering, the Company had granted to Barrick the right to nominate one person to the Board of directors of the Company for so long as Barrick holds an interest of not less than 10% of the Company’s common shares. Ms. Moroney is Barrick’s nominee to the Board.


I’m delighted to welcome Marian to our Board,” said David Fennell, Executive Chairman. “Marian’s experience, skills and extensive experience in gold exploration in remote places will be most valuable to our Company.


Ms. Moroney’s appointment is subject to receipt of the TSX Venture Exchange acceptance.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield of South America. Additional information about the Company is available on SEDAR (www.sedar.com ) and on the Company’s website (www.reuniongold.com ). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com

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8020Admin

3 months

8020Admin posted a press release CORRECTION - Reunion Gold announces a Mineral Resource Estimate for the Nivré deposit, Dorlin Gold project, French Guiana in REUNION GOLD CORPORATION

LONGUEUIL, Quebec, March 14, 2019 (GLOBE NEWSWIRE) -- In a release issued earlier today by Reunion Gold Corporation (TSX-V: RGD), we are advised by the Company in Table 1 under the second 'Tonnage (Mt)' column, the figure 33.8 should be 3.8. The corrected release follows.


Reunion Gold announces a Mineral Resource Estimate for the Nivré deposit, Dorlin Gold project, French Guiana


Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to announce a mineral resource estimate for the Nivré deposit at the Dorlin Gold Project located in French Guiana in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”).


G Mining Services Inc. (“G Mining”), an independent Canadian mining consulting firm, estimated 18.9 million tonnes grading an average of 1.09 g/t gold containing 665,000 ounces of gold in the Indicated Resource category and 26.0 million tonnes grading an average of 1.06 g/t gold containing 883,000 ounces of gold in the Inferred Resource category. A total of 42% of the contained gold is hosted in the laterite/colluvium and in the saprolite weathering domains. The mineralization is open at depth and along strike, and there remains significant potential to expand the resource.


Commenting on these results, Réjean Gourde, President and CEO of Reunion Gold stated: “The new resource estimate for the Nivré deposit at the Dorlin Gold Project provides a solid foundation for future work on the project. The main objectives of this work will be to increase the soft rock resource and improve the overall grade of the deposit. We also intend to focus on expanding the resource by further exploring and drill testing 11 other targets that have been identified on the Dorlin Project.”


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=RGD%3ACC&qmodStoryID=7889119800981575 

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8020Admin

3 months

8020Admin posted a press release Reunion Closes Strategic Alliance Agreement and Private Placement in REUNION GOLD CORPORATION

LONGUEUIL, Québec, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Further to its news releases of January 29, 2019 and February 4, 2019, Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to announce the closing of its strategic alliance agreement (the “SAA”) with Barrick Gold Corporation (“Barrick”) and its previously-announced private placement (the “Placement”).


On closing of the Placement, the Company issued 87,290,000 common shares (the “Shares”) at a price of $0.15 per share for gross proceeds of $13,093,500. As part of the Placement, Barrick acquired 33,150,000 Shares, increasing its interest in the Company from 15% to 19.9%, and Dundee Resources Limited acquired 14,350,000 Shares to maintain its 16.5% interest in the Company. The Shares issued in the Placement are subject to a hold period expiring June 13, 2019.


Proceeds from the Placement will be used for exploration and development of the Company’s gold projects in French Guiana and Guyana and for general working capital. The Company paid finder’s fees of $6,150 in connection with the Placement.


Concurrent with the closing of the Placement, the Company has also closed the SAA, as more particularly detailed in the Company’s February 4, 2019 news release. In accordance with the policies of the TSX Venture Exchange, the Company obtained disinterested shareholder approval to the SAA by way of written consents. The Company filed a material change report relating to the SAA and Barrick’s additional investment in the Company on February 12, 2019.


In accordance with the requirements of Multilateral Instrument 61-101, the Company notes that the filing of the material change report has not occurred less than 21 days before the closing date of the SAA and the Placement, as the terms of the SAA and the amended and restated subscription agreement of Barrick (the “Subscription Agreement”), pursuant to which the Placement was effected, were agreed between Barrick and Reunion on February 3, 2019 and closed today in accordance with the terms of the Subscription Agreement.


Cautionary Statement


This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to expectations, beliefs, plans, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", "anticipates", "plans", "budget", "scheduled", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to the expected uses of the proceeds of the Placement. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company has entered into agreements to acquire an interest in the Dorlin, Boulanger and Haute Mana gold projects in French Guiana and in the Waiamu, Aremu, Arawini and Oko gold projects in Guyana. The Company’s Shares are listed on the TSX Venture Exchange under the symbol ‘RGD’. Following closing of the Placement, the Company has 407,831,587 Shares issued and outstanding.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com 

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8020Admin

3 months

8020Admin posted a press release UPDATE -- Barrick Announces Strategic Alliance and Additional Investment in Reunion Gold Corporation in REUNION GOLD CORPORATION


All amounts expressed in U.S. dollars unless otherwise indicated

TORONTO, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) announced today that it has entered into a Strategic Alliance Agreement (“SAA”) with Reunion Gold Corporation (TSX-V:RGD) (“Reunion”) to form a 50-50 alliance to jointly explore for, develop and mine certain mineral projects in the Guiana Shield, including Guyana, Suriname, French Guiana and the North and Northeast Regions of Brazil (the “Subject Area”).


Reunion will initially contribute to the Alliance the Waiamu, Aremu, Arawini and Oko Projects, all located in Guyana. Barrick will initially fund an amount equal to $4.2 million on these projects, as credit for historical exploration expenditures by Reunion, with subsequent funding to be on a 50:50 basis between Reunion and Barrick.


As long as the Alliance remains in effect, if Reunion acquires an interest or an option to acquire an interest in any mineral property in the Subject Area, Barrick will have 90 days to elect to include the new project in the Alliance. Barrick can nominate an Alliance project as a Designated Project, and has the right to earn a 70% interest by sole funding and completing a feasibility study for the project.


“The SAA expands Barrick’s exploration footprint in the Guiana Shield, a significantly underexplored region and one of the most prospective in the world for large scale gold discoveries. The Alliance will seek to identify and acquire properties that have the potential to yield discoveries consistent with Barrick’s definition of Tier 1 mines, leveraging Reunion’s capabilities and proven track record in the region, combined with Barrick’s experience at advancing and developing world-class assets,” says Barrick president and CEO Mark Bristow.


Concurrent with the formation of the SAA, Barrick has amended and restated its subscription agreement with Reunion dated December 13, 2018 in connection with a private placement offering by Reunion of up to C$15,000,000. Pursuant to the Amended and Restated Subscription Agreement, Barrick has agreed to acquire up to 35,700,000 common shares of Reunion at a price of C$0.15 per share. The aggregate consideration to be paid by Barrick in the offering is up to C$5,355,000. The Reunion offering is expected to close on or about February 6, 2019, subject to certain conditions including receipt of TSX Venture acceptance of the private placement.


As a result of its additional investment, Barrick will own a total of up to 83,700,000 Reunion shares, increasing its interest in Reunion from approximately 15.0% to approximately 19.9% of Reunion's issued and outstanding common shares, determined on a non-diluted basis after giving effect to the offering. In connection with the entering into of the Alliance, Barrick will exercise its right under the Investor Rights Agreement between Barrick and Reunion dated December 1, 2017 to nominate one director to Reunion's board of directors.


Under the terms of the Investor Rights Agreement entered into in connection with Barrick’s initial investment in Reunion on December 1, 2017, so long as Barrick holds more than 10% of the then issued and outstanding shares of Reunion, Barrick will, among other things, have the right to participate in future equity financings by Reunion to maintain its proportionate interest at the time of such financing and will have the right to assign one or more geologists to work full time on any or all of Reunion’s mineral projects.


Barrick and Reunion have amended the terms of the Investor Rights Agreement so that Barrick's right of first refusal in connection with the sale by Reunion of any interest in any of Reunion’s mineral projects is now limited to a right of first refusal in connection with the sale by Reunion of the projects subject to the Alliance as well as the Dorlin, Haute Mana and Boulanger projects. Barrick may exercise its right of first refusal regardless of its ownership interest in Reunion's common shares.


An early warning report will be filed by Barrick in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact Kathy du Plessis, whose contact details are included below.


Reunion is an exploration and development company focused on acquiring, exploring and developing gold projects in the highly prospective Guiana Shield of South America. Barrick holds its Reunion common shares for investment purposes. Depending on market conditions and other factors, including Reunion’s business and financial condition, Barrick may, subject to the Investor Rights Agreement, acquire additional common shares or other securities of Reunion or dispose of some or all of the common shares or other securities of Reunion that it owns at such time.


Barrick is a senior gold mining company organized under the laws of the Province of British Columbia. Barrick’s corporate office is located at Brookfield Place, TD Canada Trust Tower, Suite 3700, 161 Bay Street, P.O. Box 212, Toronto, Ontario  M5J 2S1. Reunion’s head office is located at Brookfield Place, Suite 440, 181 Bay Street, Toronto, Ontario  M5J 2T3.


Enquiries:


President and CEO
Mark Bristow
+1 647 205 7694
+44 788 071 1386


Senior Executive Vice President and Chief Financial Officer
Graham Shuttleworth
+44 1534 735 333
+44 779 771 1338


Investor & Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com


Website: www.barrick.com


Cautionary Statement on Forward-Looking Information


The information in this news release has been prepared as at February 4, 2019. Certain information contained in this news release, including any information relating to the Reunion offering constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “may”, “will” and similar expressions identify forward-looking statements. In particular, this news release contains forward-looking statements including, without limitation, with respect to the anticipated completion of the offering by Reunion, acquisition of Reunion shares by Barrick in the offering and Barrick’s acquisition or disposition of securities of Reunion in the future, and the potential exploration, development and mining of certain mineral projects by the Alliance. Forward-looking statements are necessarily based upon a number of assumptions, including material assumptions considered reasonable by Barrick as at the date of this news release in light of management’s experience and perception of current conditions and expected developments, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies.


Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned not to put undue reliance on forward-looking statements which are not guarantees of future events, and speak only as of the date made. All of the forward-looking statements made in this news release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements.


Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.


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3 months

8020Admin posted a press release Barrick Announces Strategic Alliance and Additional Investment in Reunion Gold Corporation in REUNION GOLD CORPORATION


All amounts expressed in U.S. dollars unless otherwise indicated

TORONTO, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) announced today that it has entered into a Strategic Alliance Agreement (“SAA”) with Reunion Gold Corporation (TSX-V:RGD) (“Reunion”) to form a 50-50 alliance to jointly explore for, develop and mine certain mineral projects in the Guiana Shield, including Guyana, Suriname, French Guiana and the North and Northeast Regions of Brazil (the “Subject Area”).


Reunion will initially contribute to the Alliance the Waiamu, Aremu, Arawini and Oko Projects, all located in Guyana. Barrick will initially fund an amount equal to $4.2 million on these projects, as credit for historical exploration expenditures by Reunion, with subsequent funding to be on a 50:50 basis between Reunion and Barrick.


As long as the Alliance remains in effect, if Reunion acquires an interest or an option to acquire an interest in any mineral property in the Subject Area, Barrick will have 90 days to elect to include the new project in the Alliance.


“The SAA expands Barrick’s exploration footprint in the Guiana Shield, a significantly underexplored region and one of the most prospective in the world for large scale gold discoveries. The Alliance will seek to identify and acquire properties that have the potential to yield discoveries consistent with Barrick’s definition of Tier 1 mines, leveraging Reunion’s capabilities and proven track record in the region, combined with Barrick’s experience at advancing and developing world-class assets,” says Barrick president and CEO Mark Bristow.


Concurrent with the formation of the SAA, Barrick has amended and restated its subscription agreement with Reunion dated December 13, 2018 in connection with a private placement offering by Reunion of up to C$15,000,000. Pursuant to the Amended and Restated Subscription Agreement, Barrick has agreed to acquire up to 35,700,000 common shares of Reunion at a price of C$0.15 per share. The aggregate consideration to be paid by Barrick in the offering is up to C$5,355,000. The Reunion offering is expected to close on or about February 6, 2019, subject to certain conditions including receipt of TSX Venture acceptance of the private placement.


As a result of its additional investment, Barrick will own a total of up to 83,700,000 Reunion shares, increasing its interest in Reunion from approximately 15.0% to approximately 19.9% of Reunion's issued and outstanding common shares, determined on a non-diluted basis after giving effect to the offering. In connection with the entering into of the Alliance, Barrick will exercise its right under the Investor Rights Agreement between Barrick and Reunion dated December 1, 2017 to nominate one director to Reunion's board of directors.


Under the terms of the Investor Rights Agreement entered into in connection with Barrick’s initial investment in Reunion on December 1, 2017, so long as Barrick holds more than 10% of the then issued and outstanding shares of Reunion, Barrick will, among other things, have the right to participate in future equity financings by Reunion to maintain its proportionate interest at the time of such financing and will have the right to assign one or more geologists to work full time on any or all of Reunion’s mineral projects.


Barrick and Reunion have amended the terms of the Investor Rights Agreement so that Barrick's right of first refusal in connection with the sale by Reunion of any interest in any of Reunion’s mineral projects is now limited to a right of first refusal in connection with the sale by Reunion of the projects subject to the Alliance as well as the Dorlin, Haute Mana and Boulanger projects. Barrick may exercise its right of first refusal regardless of its ownership interest in Reunion's common shares.


An early warning report will be filed by Barrick in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact Kathy du Plessis, whose contact details are included below.


Reunion is an exploration and development company focused on acquiring, exploring and developing gold projects in the highly prospective Guiana Shield of South America. Barrick holds its Reunion common shares for investment purposes. Depending on market conditions and other factors, including Reunion’s business and financial condition, Barrick may, subject to the Investor Rights Agreement, acquire additional common shares or other securities of Reunion or dispose of some or all of the common shares or other securities of Reunion that it owns at such time.


Barrick is a senior gold mining company organized under the laws of the Province of British Columbia. Barrick’s corporate office is located at Brookfield Place, TD Canada Trust Tower, Suite 3700, 161 Bay Street, P.O. Box 212, Toronto, Ontario  M5J 2S1. Reunion’s head office is located at Brookfield Place, Suite 440, 181 Bay Street, Toronto, Ontario  M5J 2T3.


Enquiries:


President and CEO
Mark Bristow
+1 647 205 7694
+44 788 071 1386


Chief financial officer
Graham Shuttleworth
+44 1534 735 333
+44 779 771 1338


Investor & media relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com


Website: www.barrick.com


Cautionary Statement on Forward-Looking Information


The information in this news release has been prepared as at February 4, 2019. Certain information contained in this news release, including any information relating to the Reunion offering constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “may”, “will” and similar expressions identify forward-looking statements. In particular, this news release contains forward-looking statements including, without limitation, with respect to the anticipated completion of the offering by Reunion, acquisition of Reunion shares by Barrick in the offering and Barrick’s acquisition or disposition of securities of Reunion in the future, and the potential exploration, development and mining of certain mineral projects by the Alliance. Forward-looking statements are necessarily based upon a number of assumptions, including material assumptions considered reasonable by Barrick as at the date of this news release in light of management’s experience and perception of current conditions and expected developments, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies.


Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned not to put undue reliance on forward-looking statements which are not guarantees of future events, and speak only as of the date made. All of the forward-looking statements made in this news release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements.


Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.


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3 months

8020Admin posted a press release Reunion Gold announces a strategic alliance with Barrick Gold Corporation to explore, develop and mine mineral properties in the Guiana Shield; concurrently, Barrick agrees to increase its interest in Reunion to 19.9% in REUNION GOLD CORPORATION

LONGUEUIL, Quebec, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company” or “Reunion”) is pleased to announce i) the execution of a Strategic Alliance Agreement (the “SAA”) with Barrick Gold Corporation (“Barrick”) (NYSE: GOLD) (TSX: ABX) to form a 50:50 alliance to jointly explore for, develop and mine certain mineral projects in the Guiana Shield (the “Alliance”), including Guyana, Suriname, French Guiana and the North and Northeast Regions of Brazil (the “Subject Area”); and ii) Barrick’s concurrent agreement to increase its interest in Reunion to 19.9% through its participation in Reunion’s previously announced private placement offering.


Alliance on Guiana Shield mineral properties


Reunion and Barrick have entered into the SAA to establish terms for the identification of mineral properties and mining projects (or options in respect thereof) that will be subject to the Alliance, the governance of the Alliance and the management of the mineral properties and mining projects that will be subject to the Alliance.


Reunion will initially contribute to the Alliance the Waiamu Project, the Aremu Project, the Arawini Project and the Oko Project, all located in Guyana (the “Initial Included Projects”). Barrick will initially fund an amount equal to US$4.2 million on the Initial Included Projects, as credit for historical exploration expenditures spent by Reunion, with subsequent funding to be on a 50:50 basis between Reunion and Barrick.


Subsequently, and as long as the Alliance will be in effect, if Reunion acquires an interest or an option to acquire an interest in any mineral property in the Subject Area, it will present the new project to Barrick and Barrick will have 90 days to elect to include the new project (an “Additional Included Project and, together with the Initial Included Projects, the “Included Projects”) in the Alliance. If included, Barrick will fund the initial costs and expenditures for the project in an amount equal to Reunion’s incurred costs on the project up to a maximum of US$250,000.


Barrick can at any time designate an Included Project as a “Designated Project”. Following such designation, Barrick will sole fund the Designated Project until the completion of a feasibility study in respect of the project. Upon completion of a feasibility study, Barrick’s interest in the Designated Project will increase to 70% and Reunion will retain a 30% interest.  If Barrick does not deliver a feasibility study on the Designated Project, the project returns to the Alliance as an Included Project.


Reunion will manage all exploration projects within the Alliance until such projects are defined as Designated Projects.  Barrick will manage all Designated Projects.


Reunion's interest in the Dorlin, Haute Mana and Boulanger Projects, all located in French Guiana, are initially not included in the Alliance. However, Barrick retains a right of first refusal on these projects, and can in the future define any project, based on certain criterias, as a Designated Project and would then, at that time, pay to Reunion 50% of all costs incurred by Reunion on such Designated Project to that date.


Following delivery of a feasibility study for a Designated Project, at Reunion’s request, Barrick will fund or arrange capital for Reunion’s share of any debt financing required to develop and construct a mine and related facilities on the Designated Project that Barrick has chosen to develop.  Barrick will receive an additional 5% interest in the Designated Project for funding or arranging such capital.


Réjean Gourde, Reunion’s president and CEO comments: “This Alliance addresses the concerns faced by explorers worldwide. The combination of skills, knowledge, working together create the conditions necessary for exploration and development success. The Guiana Shield is one of the best remaining places in the world for large scale gold discoveries. The Alliance creates the opportunity to deploy skills and expertise effectively and efficiently. The Guiana Shield has been overlooked for a variety of historical reasons, including remoteness, lack of infrastructure, knowledge of how to conduct effective tropical exploration and an understanding of local conditions and laws. The Alliance combines long-term local knowledge and record of success of the Reunion team together with the industry-leading skills and knowledge of Barrick. This combination focused on the Guiana Shield creates a greatly enhanced opportunity of success.


The gold industry is in its infancy in Guyana, Suriname and French Guiana. However, the success of the Omai, Rosebel and Merian gold projects have made the government of each of these countries fully aware of the societal and economic benefits that well regulated and efficient mining investment brings. In summary, you have one of the best geological environments in the world with political and social support and local acceptance for exploration and development which is being conducted by responsible companies in a professional manner.”


In connection with the entering into of the Alliance, Barrick will exercise its right under the Investor Rights Agreement between Barrick and Reunion dated December 1, 2017 to nominate one director to Reunion's board of directors.


The obligations to consummate the transactions contemplated by the SAA are subject to certain conditions and any required approvals.


Increased interest to 19.9%


Concurrently with the signing of the SAA, Barrick has agreed to subscribe to such number of shares to increase its interest in Reunion from 15% to 19.9%. Assuming that the previously announced private placement of up to $15 million is fully subscribed, Barrick will purchase 35,700,000 shares for a total value of $5,355,000.


The Company is planning to close the private placement on or about February 6, 2019, subject to certain conditions including receipt of TSX Venture Exchange acceptance of the private placement.


Cautionary Statement


This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to expectations, beliefs, plans, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", "anticipates", "plans", "budget", "scheduled", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: expectations concerning the Alliance with Barrick and the private placement financing. The Company may be unable to satisfy the conditions of the transactions described herein in the required timeframes. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company has entered into agreements to acquire an interest in the Dorlin, Boulanger and Haute Mana gold projects in French Guiana and in the Waiamu, Oko, Aremu and Arawini gold projects in Guyana. The Company’s shares are listed on the TSX Venture Exchange under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com 

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8020Admin

3 months

8020Admin posted a press release Reunion Gold announces revised terms of non-brokered private placement in REUNION GOLD CORPORATION

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

LONGUEUIL, Quebec, Jan. 29, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) announces that it has revised the issue price of its previously announced private placement offering (see press releases of December 13 and 21, 2018) to raise up to $15 million at $0.15 per common share of the Company. The Company determined that the repricing was appropriate due to current market conditions. The Company anticipates closing the private placement on or about February 5, 2019 with the participation of Barrick Gold Corporation and Dundee Resources Limited as previously announced.


Closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange (“TSXV”). The offering will be conducted in reliance upon certain prospectus and private placement exemptions. The Company may pay finder’s fees to qualified finders in accordance with the policies of the TSXV. The Company intends to use the proceeds of the Financing for exploration and development of the Company’s gold projects and for general working capital.


Cautionary Statement


This news release contains certain “forward-looking information” under Canadian securities laws. Specifically, this news release contains forward looking information about the Company’s plans to complete the Offering on the terms announced or at all and the anticipated participation in the Offering of Barrick Gold Corporation and Dundee Resources Ltd. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company’s control, including risks related to capital markets and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward-looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company has entered into agreements to acquire an interest in the Dorlin, Boulanger and Haute Mana gold projects in French Guiana and in the Waiamu, Aremu and Arawini gold projects in Guyana. The Company’s shares are listed on the TSX Venture Exchange under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com

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8020Admin

3 months

8020Admin posted a press release Reunion Gold announces extension of the private placement closing in REUNION GOLD CORPORATION

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR 
FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

LONGUEUIL, Quebec, Dec. 21, 2018 (GLOBE NEWSWIRE) -- Further to its December 13, 2018 news release, Reunion Gold Corporation (TSX-V: RGD) (the “Company”) announces that it now anticipates closing the up to $15 million private placement offering of its common shares at a price of $0.18 per share by mid-January 2019, with Barrick Gold Corporation and Dundee Resources Limited planning to maintain their respective 15% and 16.5% equity ownership interest in the Company.


Closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange. The offering will be conducted in reliance upon certain prospectus and private placement exemptions.


Cautionary Statement


This news release contains certain “forward-looking information” under Canadian securities laws. Specifically, this news release contains forward looking information about the Company’s plans to complete the Offering on the terms announced or at all and the anticipated participation in the Offering of Barrick Gold Corporation and Dundee Resources Ltd. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company’s control, including risks related to capital markets and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward-looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company has entered into agreements to acquire an interest in the Dorlin, Boulanger and Haute Mana gold projects in French Guiana and in the Waiamu, Aremu and Arawini gold projects in Guyana. The Company’s shares are listed on the TSX Venture Exchange under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com

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8020Admin

3 months

8020Admin posted a press release Barrick Announces Additional Investment in Reunion Gold Corporation in REUNION GOLD CORPORATION

All amounts expressed in Canadian dollars unless otherwise indicated

TORONTO, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (“Barrick”) announced today that it has agreed to exercise its participation right in connection with a private placement offering by Reunion Gold Corporation (TSX-V:RGD) (“Reunion”). Barrick has agreed to acquire up to an additional 12,600,000 common shares of Reunion at a price of $0.18 per share. The aggregate consideration to be paid by Barrick in the offering is $2,268,000. The Reunion offering is expected to close on or about December 20, 2018.


As a result of its additional investment, Barrick will own a total of 60,600,000 Reunion shares, leaving its interest in Reunion unchanged at approximately 15.0% of Reunion’s issued and outstanding common shares, determined on a non-diluted basis after giving effect to the offering.


Under the terms of the investor rights agreement entered into between Barrick and Reunion in connection with Barrick’s initial investment in Reunion on December 1, 2017, so long as Barrick holds not less than 10% of the then issued and outstanding shares of Reunion, Barrick will, among other things, have a right of first refusal in connection with the sale by Reunion of any interest in any of its mineral projects, and will have the right to assign one or more geologists to work full time on any or all of Reunion’s mineral projects.


Reunion is an exploration and development company focused on acquiring, exploring and developing gold projects in the highly prospective Guiana Shield of South America. Barrick holds its Reunion common shares for investment purposes. Depending on market conditions and other factors, including Reunion’s business and financial condition, Barrick may, subject to the investor rights agreement between Barrick and Reunion dated December 1, 2017, acquire additional common shares or other securities of Reunion or dispose of some or all of the common shares or other securities of Reunion that it owns at such time.


An early warning report will be filed by Barrick in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact Andy Lloyd, whose contact details are included below.


Barrick is a senior gold mining company organized under the laws of the Province of British Columbia. Barrick’s head office is located at Brookfield Place, TD Canada Trust Tower, Suite 3700, 161 Bay Street, P.O. Box 212, Toronto, Ontario  M5J 2S1. Reunion’s registered office is located at Brookfield Place, Suite 440, 181 Bay Street, Toronto, Ontario  M5J 2T3.


INVESTOR CONTACT
Deni Nicoski
Senior Vice President,
Investor Relations
Telephone: +1 416 307-7474
Email: dnicoski@barrick.com


MEDIA CONTACT
Andy Lloyd
Senior Vice President,
Communications
Telephone: +1 416 307-7414
Email: alloyd@barrick.com


CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION


The information in this press release has been prepared as at December 14, 2018. Certain information contained in this press release, including any information relating to the Reunion offering constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “may”, “will” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to the anticipated completion of the offering by Reunion, acquisition of Reunion shares by Barrick in the offering and Barrick’s acquisition or disposition of securities of Reunion in the future. Forward-looking statements are necessarily based upon a number of assumptions, including material assumptions considered reasonable by Barrick as at the date of this press release in light of management’s experience and perception of current conditions and expected developments, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies.


Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned not to put undue reliance on forward-looking statements which are not guarantees of future events, and speak only as of the date made. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements.


Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

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8020Admin

3 months

8020Admin posted a press release Reunion Gold Announces Non-Brokered Private Placement to raise up to $15 Million in REUNION GOLD CORPORATION

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR 
FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

LONGUEUIL, Quebec, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) announces that it plans to complete a non-brokered private placement of up to 83,333,333 common shares of the Company (the “Shares”) at a price of $0.18 per Share to raise up to $15.0 million (the “Offering”).


Barrick Gold Corporation and Dundee Resources Ltd. have indicated their intention to exercise their right to participate in the Offering and to acquire such number of shares required to maintain their respective 15% and 16.5% equity ownership interest in the Company.


The Company expects to close the Offering by December 20, 2018, subject to certain conditions including, but not limited to, the receipt of all necessary corporate and regulatory approvals, including the approval of the TSXV. The Company intends to use the proceeds of the Offering for exploration and development of the Company’s gold projects in French Guiana and Guyana and for general working capital.


The Offering will be conducted in reliance upon certain prospectus and private placement exemptions. The securities issuable under the private placement will be subject to a hold period expiring four months and one day after the closing date. The Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.


Certain insiders of the Company, including Barrick Gold and Dundee Resources, are acquiring Shares in the Offering. Any participation by insiders in the Private Placement constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Company expects such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the fact that neither the fair market value of the Shares subscribed for by the insiders, nor the consideration for the Shares paid by such insiders, would exceed 25% of the Company’s market capitalization.


The Company will file a material change report in connection with the Offering less than 21 days before the expected closing date of the Offering, which the Company deemed reasonable in the circumstances to be able to avail itself of potential financing opportunities and complete the Offering in an expeditious manner.


Cautionary Statement


This news release contains certain “forward-looking information” under Canadian securities laws. Specifically, this news release contains forward looking information about the Company’s plans to complete the Offering on the terms announced or at all, the use of the proceeds of the Offering and the anticipated participation in the Offering of, and proceeds to be received from, each of Barrick Gold Corporation and Dundee Resources Ltd. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company’s control, including risks related to capital markets and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward-looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company has entered into agreements to acquire an interest in the Dorlin, Boulanger and Haute Mana gold projects in French Guiana and in the Waiamu, Aremu and Arawini gold projects in Guyana. The Company’s shares are listed on the TSX Venture Exchange under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com

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Reunion Gold Corporation

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Reunion Gold Corporation is a Canadian exploration and development company focused on acquiring, exploring and developing gold projects in the highly prospective Guiana Shield of South America. The Guiana Shield, located on the northern edge of the Amazon Craton of South America, is well-endowed ...

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Reunion Gold Corporation

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Reunion Gold Corporation is a Canadian exploration and development company focused on acquiring, exploring and develo......

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2 days

8020Admin posted a press release Reunion Gold reports new high-grade gold discovery at the Boulanger Project in French Guiana in REUNION GOLD CORPORATION

LONGUEUIL, Quebec, July 16, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company” or “Reunion Gold”) is pleased to report a new high-grade gold discovery at the Saint-Michel prospect, part of the Boulanger Project located in north-central French Guiana.



  • Systematic sampling of 42 mineralized dumps located next to 47 artisanal shafts and adits scattered over an area of 260 meters by 95 meters returned an average grade of 17.3 g/t gold.

  • An induced polarization survey indicated two 600-meter-long parallel chargeability anomalies, one of which coincides with the Saint-Michel artisanal workings.


Saint-Michel high-grade gold prospect


The Saint-Michel prospect is located within a one square kilometer small scale mining permit (“AEX”), which was recently added to the option agreement between Reunion Gold and Compagnie Minière de Boulanger (“CMB”), north of the Boulanger concession and easily accessible via the RN 2 paved highway. The AEX (Figure 1) is located within the Chawari exploration permit application recently filed by CMB, and which also becomes part of the option agreement.


In the last quarter of 2018, illegal artisanal miners had sunk several shafts and adits and reportedly produced significant amounts of gold from the prospect. The area was recently cleared of illegal activity by the French army and police.


Mapping of the Saint-Michel prospect identified 47 shafts and adits scattered over an area of 260 meters by
95 meters elongated in an NNE-SSW direction (Figure 2). Systematic sampling of the Saint-Michel mineralized stockpiles extracted from the artisanal workings returned an average of 17.3 g/t gold from 42 samples with the highest assay at 45.9 g/t gold (Table 1). Stockpile masses vary from one hundred kilos to about 16 tons.


These artisanal workings indicate that gold mineralization is hosted by graphitic shale and red siltstone from a distal turbidite sequence with a high density of boudinaged and tightly folded quartz veins and veinlets associated with sulphides, along a north-south striking subvertical foliation in what is interpreted as a shear zone. Preliminary sampling of limited outcrop exposure returned assay results up to 18.2 g/t gold from a “grab” sample and up to 26.6 g/t gold over a one-meter channel sample (Figure 2). Systematic channel sampling of exposed outcrop is not possible due to the unstable and steep outcrop face.


Réjean Gourde, Reunion Gold´s CEO stated, “Our preliminary sampling of the Saint-Michel prospect shows some of the best gold grade our team has ever encountered in the Guiana Shield and we look forward to systematically exploring this area as we move the Boulanger Project forward”.


Saint-Michel IP survey and planned exploration work


An induced polarization (IP) geophysical survey was run over an area of 2 km by 1.8 km covering the Saint- Michel prospect area. This IP survey was carried out using state-of-the-art equipment and a gradient-array method, covering 18 line-km on 200 m-spaced lines. Two parallel north-south 600-meter long chargeability anomalies are located over an 800 meter by 500-meter large resistive zone. The artisanal workings coincide well with the westernmost chargeability anomaly. These anomalies outline the mapped turbidites with sheared conductive graphitic shales hosting a high proportion of sulphides (Figures 3 and 4). Historical soil geochemistry results also confirm the presence of a gold anomaly located downhill from the workings.


The Company intends to carry out a drilling program at the Saint-Michel prospect to delineate the geometry and grade of gold mineralization as soon as a license for exploration work has been obtained.


Other Boulanger Project exploration work


Eight new IP survey lines totaling eight kilometers were completed to cover fold closures of the 2018 survey at the Carapa exploration permit and Central Bief concession. In addition, four lines of pole-dipole jointly covering 4.8 kilometers were surveyed to provide additional information on the suspected fold closures and better define drill targets (Figure 5).


An 1,100-meter core drilling program in six drill holes was completed in June 2019 at Central Bief and Carapa (Figure 5). The program aimed at testing targets identified from the 2018 and 2019 IP surveys and geological mapping by the Company:



  • Three drill holes tested a large chargeability anomaly interpreted as representing a fold nose with possible fracturing in a competent unit that could host gold-bearing veins and where shearing with its gold-bearing veining could be expected at competency contrasts between volcanics and tuffs;

  • One drill hole targeted an interpreted shear zone based on resistivity contrasts in a pole-dipole IP profile; and

  • Two drill holes targeted tension and shear veins extrapolated from surface mapping located at a chargeability gradient.


Significant shear zones, ranging in apparent width from 2.4 meters to 12 meters were intersected in four drill holes. Quartz veins with apparent widths of 2.7 meters and 3.8 meters were cut in two drill holes. All these shear zones and quartz veins contain various amounts of sulphides and may or may not carry gold values. However, visible gold was observed in quartz-carbonate veins within shear zones in two drill holes. The core samples are being shipped for assaying and results will be released when available.


Quality analysis and quality control


The Company has implemented a quality assurance and quality control (QA/QC) program and chain of custody protocols for all its sampling and particularly for drilling programs. Certified standards and blanks are respectively inserted in average every 20 samples, resulting in the insertion of about 10 percent of control samples. In addition, blanks are inserted after visually identifying mineralized zones to ensure that the results are meaningful. The samples are analyzed for gold by fire assay with atomic absorption finish on 30‐gram pulps by the FILAB-AMSUD laboratory in Surinam. Samples above 10 g/t gold are systematically re‐ analyzed with gravimetry finish. FILAB-AMSUD is an accredited laboratory for quality procedure according to ISO 9001(2008) and ISO/IEC 17025.


The Boulanger Project


The Company has an option to acquire a 100% interest in the Boulanger Project from CMB. The option agreement between the Company and CMB was recently amended. The parties agreed to add the Saint- Michel AEX and the Chawari exploration permit (PER), if the application is granted. In addition, the option period was extended by one year to July 27, 2021. Other terms and conditions which described in the July 27, 2017 news release remain unchanged.


The Boulanger Project consists of 38.4 km² of mining concessions (Central Bief, Devez North and South, and Boulanger), the 24 km² Carapa exploration permit and the 1 km² Saint-Michel AEX. It is located approximately 40 km south of Cayenne and readily accessible by paved and laterite roads. The Boulanger Project is underlain by Proterozoic rocks consisting of Armina detritic sediments and Paramaca volcano-sediments intruded by granites and metamorphosed to greenschist facies. The Boulanger Project area is cut by various shear zones characterized by intense deformation and hydrothermal alteration. Gold is associated with quartz veins, pyrite and locally intense tourmaline alteration. Geological mapping and soil geochemistry indicate numerous anomalous zones that require follow-up exploration. There has been significant gold production from the Boulanger Project area for over one hundred years.


Qualified Persons


Dr. Dominique Fournier, EurGeol., the exploration manager for Reunion Gold in French Guiana and a qualified person pursuant to National Instrument 43-101, is responsible for the work being done at the Boulanger Project. Carlos Bertoni, P. Geo., a consultant to Reunion Gold and a qualified person pursuant to National Instrument 43-101, has reviewed and approved the scientific and technical data contained in this press release.


Cautionary Statement


This press release contains certain forward-looking information as defined in applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will", "occur" or "be achieved" or the negative connotation thereof. Specifically, this press release includes forward-looking information regarding the results and interpretation of surveys and drilling programs, potential mineralization, and future plans and objectives of the Company. The assumptions made by the Company in preparing the forward-looking information contained in this news release, which may prove to be incorrect, include, but are not limited to: that the Company will have the funds required to conduct the planned exploration activities, that the Company will receive required permit to conduct exploration activities and the expectations and beliefs of management.. Forward-looking statements involve known and unknown risks, uncertainties and other factors including risks associated with the conduct of exploration activities, gold price volatility, having the funds required to conduct the planned exploration activities and to meet the conditions under the option agreement, renewal application process, regulatory approvals or permitting delays. This cautionary statement qualifies all forward-looking statements herein. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company’s shares are listed on the TSX Venture Exchange under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com ) and on the Company’s website (www.reuniongold.com ). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO David Charles CFA, Investor Relations Telephone: +1 450.677.2585
Email: info@reuniongold.com


Figure 1: Location and geological context of the Boulanger Project mineral rights, including the Saint-Michel AEX and Chawari exploration permit (PER) application.


Figure 2: Location of artisanal workings on the Saint-Michel AEX with selected results of sampling of mineralized stockpiles located next to workings (in black) and of outcrop sampling (in red). A full list of assays is presented in Table 1.


Figure 3: IP chargeability anomalies with historical soil geochemistry results and location of artisanal workings on topography.


Figure 4: IP resistivity anomalies with historical soil geochemistry results and location of artisanal workings on topography.


Figure 5: Drill targets and their relationship with IP chargeability anomalies (red and violet indicating high chargeability) in Central Bief concession and Carapa exploration permit area.


 


Read more here:  https://www.quotemedia.com/portal/quote?qm_symbol=RGD%3ACC&qmodStoryID=8356004260717187 

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8020Admin

15 days

8020Admin posted a press release Reunion Gold Announces Extension of Private Placement in REUNION GOLD CORPORATION


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

LONGUEUIL, Quebec, July 04, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) reports that it has applied for and received consent from the TSX Venture Exchange (“TSXV”) of a 30-day extension to close a second tranche of a previously announced private placement offering (the “Offering”). See the Company’s news releases issued on April 17, 2019 and on June 3, 2019 for further information about the Offering.


Cautionary Statement


The Offering is subject to receipt of all necessary regulatory approvals including the final approval of the TSXV. The common shares issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.


This news release contains certain forward-looking information about the Company’s plans to complete a second tranche of the Offering. There can be no assurance that the Offering will be completed as proposed or at all.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company’s common shares are listed on the TSXV under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com


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8020Admin

15 days

8020Admin posted a press release Reunion Gold Announces Closing of a First Tranche of Private Placement in REUNION GOLD CORPORATION


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

LONGUEUIL, Quebec, June 03, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to announce that it has closed a first tranche of its previously announced private placement offering (the “Offering”). The Company issued 9,473,684 common shares at a price of C$0.19 per share for proceeds of approximately C$1.8 million. The common shares issued are subject to a hold period expiring October 1, 2019.


The Company has applied for and received consent from the TSX Venture Exchange (“TSXV”) to a 30-day extension to close a second tranche. See the Company’s news release issued on April 17, 2019 for further information about the Offering.


Cautionary Statement


The Offering is subject to receipt of all necessary regulatory approvals including the final approval of the TSXV. The common shares issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.


This news release contains certain forward-looking information about the Company’s plans to complete a second tranche of the Offering. There can be no assurance that it will be completed as proposed or at all.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company’s common shares are listed on the TSXV under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com


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8020Admin

2 months

8020Admin posted a press release Reunion Gold Announces Closing of a First Tranche of Private Placement in REUNION GOLD CORPORATION


NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

LONGUEUIL, Quebec, June 03, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to announce that it has closed a first tranche of its previously announced private placement offering (the “Offering”). The Company issued 9,473,684 common shares at a price of C$0.19 per share for proceeds of approximately C$1.8 million. The common shares issued are subject to a hold period expiring October 1, 2019.


The Company has applied for and received consent from the TSX Venture Exchange (“TSXV”) to a 30-day extension to close a second tranche. See the Company’s news release issued on April 17, 2019 for further information about the Offering.


Cautionary Statement


The Offering is subject to receipt of all necessary regulatory approvals including the final approval of the TSXV. The common shares issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.


This news release contains certain forward-looking information about the Company’s plans to complete a second tranche of the Offering. There can be no assurance that it will be completed as proposed or at all.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company’s common shares are listed on the TSXV under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com


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8020Admin

3 months

8020Admin posted a press release Reunion Gold Announces Filing of NI 43-101 Technical Report for the Dorlin Project in French Guiana in REUNION GOLD CORPORATION

LONGUEUIL, Quebec, April 26, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to announce that it has filed on SEDAR a technical report for the Dorlin Project prepared in accordance with Canadian Securities National Instrument 43-101 Standards of Disclosure for Mineral Properties and Form 43-101F1.


The technical report was prepared by Réjean Sirois, Eng. and James Purchase, P.Geo., both of G Mining Services Inc., and supports the scientific and technical disclosure made by the Company in its March 14, 2019 news release entitled “Reunion Gold announces a Mineral Resource Estimate for the Nivré deposit, Dorlin Gold project, French Guiana”.  The effective date of the technical report is March 2, 2019, and there are no material differences between the results announced in the news release and those contained in the report filed on SEDAR (www.sedar.com) and available on the Company’s website (www.reuniongold.com).


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Dorlin project is located in French Guiana and the Company has an option to acquire a 75% interest in the project. The Company’s common shares are listed on the TSX Venture Exchange under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com

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8020Admin

3 months

8020Admin posted a press release Reunion Gold announces the appointment of Barrick's nominee to its board of directors in REUNION GOLD CORPORATION

LONGUEUIL, Quebec, March 15, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to announce the appointment of Ms. Marian Moroney to its Board of Directors, increasing the Board to ten directors, eight of whom are independent.


Ms. Moroney is currently Vice-President, New Exploration Opportunities at Barrick Gold Corporation (“Barrick”), where she is responsible for pipeline growth. She has worked in Barrick’s exploration department since 2002. She is a graduate of the University of Melbourne, Australia (Bachelor of Science in Geology). Ms. Moroney brings more than 25 years of experience in gold and copper exploration, having worked on projects at all stages and across most continents. Ms. Moroney served on the Prospectors & Developers Association of Canada (PDAC) board of directors from 2014-2017 and was named in the list of "100 Global Inspirational Women in Mining" by Women in Mining in 2015.


As part of their participation in the private placement offering, the Company had granted to Barrick the right to nominate one person to the Board of directors of the Company for so long as Barrick holds an interest of not less than 10% of the Company’s common shares. Ms. Moroney is Barrick’s nominee to the Board.


I’m delighted to welcome Marian to our Board,” said David Fennell, Executive Chairman. “Marian’s experience, skills and extensive experience in gold exploration in remote places will be most valuable to our Company.


Ms. Moroney’s appointment is subject to receipt of the TSX Venture Exchange acceptance.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield of South America. Additional information about the Company is available on SEDAR (www.sedar.com ) and on the Company’s website (www.reuniongold.com ). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com

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8020Admin

3 months

8020Admin posted a press release CORRECTION - Reunion Gold announces a Mineral Resource Estimate for the Nivré deposit, Dorlin Gold project, French Guiana in REUNION GOLD CORPORATION

LONGUEUIL, Quebec, March 14, 2019 (GLOBE NEWSWIRE) -- In a release issued earlier today by Reunion Gold Corporation (TSX-V: RGD), we are advised by the Company in Table 1 under the second 'Tonnage (Mt)' column, the figure 33.8 should be 3.8. The corrected release follows.


Reunion Gold announces a Mineral Resource Estimate for the Nivré deposit, Dorlin Gold project, French Guiana


Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to announce a mineral resource estimate for the Nivré deposit at the Dorlin Gold Project located in French Guiana in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”).


G Mining Services Inc. (“G Mining”), an independent Canadian mining consulting firm, estimated 18.9 million tonnes grading an average of 1.09 g/t gold containing 665,000 ounces of gold in the Indicated Resource category and 26.0 million tonnes grading an average of 1.06 g/t gold containing 883,000 ounces of gold in the Inferred Resource category. A total of 42% of the contained gold is hosted in the laterite/colluvium and in the saprolite weathering domains. The mineralization is open at depth and along strike, and there remains significant potential to expand the resource.


Commenting on these results, Réjean Gourde, President and CEO of Reunion Gold stated: “The new resource estimate for the Nivré deposit at the Dorlin Gold Project provides a solid foundation for future work on the project. The main objectives of this work will be to increase the soft rock resource and improve the overall grade of the deposit. We also intend to focus on expanding the resource by further exploring and drill testing 11 other targets that have been identified on the Dorlin Project.”


Read more here:  https://quotemedia.com/portal/quote/?qm_symbol=RGD%3ACC&qmodStoryID=7889119800981575 

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8020Admin

3 months

8020Admin posted a press release Reunion Closes Strategic Alliance Agreement and Private Placement in REUNION GOLD CORPORATION

LONGUEUIL, Québec, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Further to its news releases of January 29, 2019 and February 4, 2019, Reunion Gold Corporation (TSX-V: RGD) (the “Company”) is pleased to announce the closing of its strategic alliance agreement (the “SAA”) with Barrick Gold Corporation (“Barrick”) and its previously-announced private placement (the “Placement”).


On closing of the Placement, the Company issued 87,290,000 common shares (the “Shares”) at a price of $0.15 per share for gross proceeds of $13,093,500. As part of the Placement, Barrick acquired 33,150,000 Shares, increasing its interest in the Company from 15% to 19.9%, and Dundee Resources Limited acquired 14,350,000 Shares to maintain its 16.5% interest in the Company. The Shares issued in the Placement are subject to a hold period expiring June 13, 2019.


Proceeds from the Placement will be used for exploration and development of the Company’s gold projects in French Guiana and Guyana and for general working capital. The Company paid finder’s fees of $6,150 in connection with the Placement.


Concurrent with the closing of the Placement, the Company has also closed the SAA, as more particularly detailed in the Company’s February 4, 2019 news release. In accordance with the policies of the TSX Venture Exchange, the Company obtained disinterested shareholder approval to the SAA by way of written consents. The Company filed a material change report relating to the SAA and Barrick’s additional investment in the Company on February 12, 2019.


In accordance with the requirements of Multilateral Instrument 61-101, the Company notes that the filing of the material change report has not occurred less than 21 days before the closing date of the SAA and the Placement, as the terms of the SAA and the amended and restated subscription agreement of Barrick (the “Subscription Agreement”), pursuant to which the Placement was effected, were agreed between Barrick and Reunion on February 3, 2019 and closed today in accordance with the terms of the Subscription Agreement.


Cautionary Statement


This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to expectations, beliefs, plans, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", "anticipates", "plans", "budget", "scheduled", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to the expected uses of the proceeds of the Placement. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company has entered into agreements to acquire an interest in the Dorlin, Boulanger and Haute Mana gold projects in French Guiana and in the Waiamu, Aremu, Arawini and Oko gold projects in Guyana. The Company’s Shares are listed on the TSX Venture Exchange under the symbol ‘RGD’. Following closing of the Placement, the Company has 407,831,587 Shares issued and outstanding.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com 

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8020Admin

3 months

8020Admin posted a press release UPDATE -- Barrick Announces Strategic Alliance and Additional Investment in Reunion Gold Corporation in REUNION GOLD CORPORATION


All amounts expressed in U.S. dollars unless otherwise indicated

TORONTO, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) announced today that it has entered into a Strategic Alliance Agreement (“SAA”) with Reunion Gold Corporation (TSX-V:RGD) (“Reunion”) to form a 50-50 alliance to jointly explore for, develop and mine certain mineral projects in the Guiana Shield, including Guyana, Suriname, French Guiana and the North and Northeast Regions of Brazil (the “Subject Area”).


Reunion will initially contribute to the Alliance the Waiamu, Aremu, Arawini and Oko Projects, all located in Guyana. Barrick will initially fund an amount equal to $4.2 million on these projects, as credit for historical exploration expenditures by Reunion, with subsequent funding to be on a 50:50 basis between Reunion and Barrick.


As long as the Alliance remains in effect, if Reunion acquires an interest or an option to acquire an interest in any mineral property in the Subject Area, Barrick will have 90 days to elect to include the new project in the Alliance. Barrick can nominate an Alliance project as a Designated Project, and has the right to earn a 70% interest by sole funding and completing a feasibility study for the project.


“The SAA expands Barrick’s exploration footprint in the Guiana Shield, a significantly underexplored region and one of the most prospective in the world for large scale gold discoveries. The Alliance will seek to identify and acquire properties that have the potential to yield discoveries consistent with Barrick’s definition of Tier 1 mines, leveraging Reunion’s capabilities and proven track record in the region, combined with Barrick’s experience at advancing and developing world-class assets,” says Barrick president and CEO Mark Bristow.


Concurrent with the formation of the SAA, Barrick has amended and restated its subscription agreement with Reunion dated December 13, 2018 in connection with a private placement offering by Reunion of up to C$15,000,000. Pursuant to the Amended and Restated Subscription Agreement, Barrick has agreed to acquire up to 35,700,000 common shares of Reunion at a price of C$0.15 per share. The aggregate consideration to be paid by Barrick in the offering is up to C$5,355,000. The Reunion offering is expected to close on or about February 6, 2019, subject to certain conditions including receipt of TSX Venture acceptance of the private placement.


As a result of its additional investment, Barrick will own a total of up to 83,700,000 Reunion shares, increasing its interest in Reunion from approximately 15.0% to approximately 19.9% of Reunion's issued and outstanding common shares, determined on a non-diluted basis after giving effect to the offering. In connection with the entering into of the Alliance, Barrick will exercise its right under the Investor Rights Agreement between Barrick and Reunion dated December 1, 2017 to nominate one director to Reunion's board of directors.


Under the terms of the Investor Rights Agreement entered into in connection with Barrick’s initial investment in Reunion on December 1, 2017, so long as Barrick holds more than 10% of the then issued and outstanding shares of Reunion, Barrick will, among other things, have the right to participate in future equity financings by Reunion to maintain its proportionate interest at the time of such financing and will have the right to assign one or more geologists to work full time on any or all of Reunion’s mineral projects.


Barrick and Reunion have amended the terms of the Investor Rights Agreement so that Barrick's right of first refusal in connection with the sale by Reunion of any interest in any of Reunion’s mineral projects is now limited to a right of first refusal in connection with the sale by Reunion of the projects subject to the Alliance as well as the Dorlin, Haute Mana and Boulanger projects. Barrick may exercise its right of first refusal regardless of its ownership interest in Reunion's common shares.


An early warning report will be filed by Barrick in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact Kathy du Plessis, whose contact details are included below.


Reunion is an exploration and development company focused on acquiring, exploring and developing gold projects in the highly prospective Guiana Shield of South America. Barrick holds its Reunion common shares for investment purposes. Depending on market conditions and other factors, including Reunion’s business and financial condition, Barrick may, subject to the Investor Rights Agreement, acquire additional common shares or other securities of Reunion or dispose of some or all of the common shares or other securities of Reunion that it owns at such time.


Barrick is a senior gold mining company organized under the laws of the Province of British Columbia. Barrick’s corporate office is located at Brookfield Place, TD Canada Trust Tower, Suite 3700, 161 Bay Street, P.O. Box 212, Toronto, Ontario  M5J 2S1. Reunion’s head office is located at Brookfield Place, Suite 440, 181 Bay Street, Toronto, Ontario  M5J 2T3.


Enquiries:


President and CEO
Mark Bristow
+1 647 205 7694
+44 788 071 1386


Senior Executive Vice President and Chief Financial Officer
Graham Shuttleworth
+44 1534 735 333
+44 779 771 1338


Investor & Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com


Website: www.barrick.com


Cautionary Statement on Forward-Looking Information


The information in this news release has been prepared as at February 4, 2019. Certain information contained in this news release, including any information relating to the Reunion offering constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “may”, “will” and similar expressions identify forward-looking statements. In particular, this news release contains forward-looking statements including, without limitation, with respect to the anticipated completion of the offering by Reunion, acquisition of Reunion shares by Barrick in the offering and Barrick’s acquisition or disposition of securities of Reunion in the future, and the potential exploration, development and mining of certain mineral projects by the Alliance. Forward-looking statements are necessarily based upon a number of assumptions, including material assumptions considered reasonable by Barrick as at the date of this news release in light of management’s experience and perception of current conditions and expected developments, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies.


Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned not to put undue reliance on forward-looking statements which are not guarantees of future events, and speak only as of the date made. All of the forward-looking statements made in this news release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements.


Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.


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8020Admin

3 months

8020Admin posted a press release Barrick Announces Strategic Alliance and Additional Investment in Reunion Gold Corporation in REUNION GOLD CORPORATION


All amounts expressed in U.S. dollars unless otherwise indicated

TORONTO, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) announced today that it has entered into a Strategic Alliance Agreement (“SAA”) with Reunion Gold Corporation (TSX-V:RGD) (“Reunion”) to form a 50-50 alliance to jointly explore for, develop and mine certain mineral projects in the Guiana Shield, including Guyana, Suriname, French Guiana and the North and Northeast Regions of Brazil (the “Subject Area”).


Reunion will initially contribute to the Alliance the Waiamu, Aremu, Arawini and Oko Projects, all located in Guyana. Barrick will initially fund an amount equal to $4.2 million on these projects, as credit for historical exploration expenditures by Reunion, with subsequent funding to be on a 50:50 basis between Reunion and Barrick.


As long as the Alliance remains in effect, if Reunion acquires an interest or an option to acquire an interest in any mineral property in the Subject Area, Barrick will have 90 days to elect to include the new project in the Alliance.


“The SAA expands Barrick’s exploration footprint in the Guiana Shield, a significantly underexplored region and one of the most prospective in the world for large scale gold discoveries. The Alliance will seek to identify and acquire properties that have the potential to yield discoveries consistent with Barrick’s definition of Tier 1 mines, leveraging Reunion’s capabilities and proven track record in the region, combined with Barrick’s experience at advancing and developing world-class assets,” says Barrick president and CEO Mark Bristow.


Concurrent with the formation of the SAA, Barrick has amended and restated its subscription agreement with Reunion dated December 13, 2018 in connection with a private placement offering by Reunion of up to C$15,000,000. Pursuant to the Amended and Restated Subscription Agreement, Barrick has agreed to acquire up to 35,700,000 common shares of Reunion at a price of C$0.15 per share. The aggregate consideration to be paid by Barrick in the offering is up to C$5,355,000. The Reunion offering is expected to close on or about February 6, 2019, subject to certain conditions including receipt of TSX Venture acceptance of the private placement.


As a result of its additional investment, Barrick will own a total of up to 83,700,000 Reunion shares, increasing its interest in Reunion from approximately 15.0% to approximately 19.9% of Reunion's issued and outstanding common shares, determined on a non-diluted basis after giving effect to the offering. In connection with the entering into of the Alliance, Barrick will exercise its right under the Investor Rights Agreement between Barrick and Reunion dated December 1, 2017 to nominate one director to Reunion's board of directors.


Under the terms of the Investor Rights Agreement entered into in connection with Barrick’s initial investment in Reunion on December 1, 2017, so long as Barrick holds more than 10% of the then issued and outstanding shares of Reunion, Barrick will, among other things, have the right to participate in future equity financings by Reunion to maintain its proportionate interest at the time of such financing and will have the right to assign one or more geologists to work full time on any or all of Reunion’s mineral projects.


Barrick and Reunion have amended the terms of the Investor Rights Agreement so that Barrick's right of first refusal in connection with the sale by Reunion of any interest in any of Reunion’s mineral projects is now limited to a right of first refusal in connection with the sale by Reunion of the projects subject to the Alliance as well as the Dorlin, Haute Mana and Boulanger projects. Barrick may exercise its right of first refusal regardless of its ownership interest in Reunion's common shares.


An early warning report will be filed by Barrick in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact Kathy du Plessis, whose contact details are included below.


Reunion is an exploration and development company focused on acquiring, exploring and developing gold projects in the highly prospective Guiana Shield of South America. Barrick holds its Reunion common shares for investment purposes. Depending on market conditions and other factors, including Reunion’s business and financial condition, Barrick may, subject to the Investor Rights Agreement, acquire additional common shares or other securities of Reunion or dispose of some or all of the common shares or other securities of Reunion that it owns at such time.


Barrick is a senior gold mining company organized under the laws of the Province of British Columbia. Barrick’s corporate office is located at Brookfield Place, TD Canada Trust Tower, Suite 3700, 161 Bay Street, P.O. Box 212, Toronto, Ontario  M5J 2S1. Reunion’s head office is located at Brookfield Place, Suite 440, 181 Bay Street, Toronto, Ontario  M5J 2T3.


Enquiries:


President and CEO
Mark Bristow
+1 647 205 7694
+44 788 071 1386


Chief financial officer
Graham Shuttleworth
+44 1534 735 333
+44 779 771 1338


Investor & media relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com


Website: www.barrick.com


Cautionary Statement on Forward-Looking Information


The information in this news release has been prepared as at February 4, 2019. Certain information contained in this news release, including any information relating to the Reunion offering constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “may”, “will” and similar expressions identify forward-looking statements. In particular, this news release contains forward-looking statements including, without limitation, with respect to the anticipated completion of the offering by Reunion, acquisition of Reunion shares by Barrick in the offering and Barrick’s acquisition or disposition of securities of Reunion in the future, and the potential exploration, development and mining of certain mineral projects by the Alliance. Forward-looking statements are necessarily based upon a number of assumptions, including material assumptions considered reasonable by Barrick as at the date of this news release in light of management’s experience and perception of current conditions and expected developments, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies.


Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned not to put undue reliance on forward-looking statements which are not guarantees of future events, and speak only as of the date made. All of the forward-looking statements made in this news release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements.


Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.


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3 months

8020Admin posted a press release Reunion Gold announces a strategic alliance with Barrick Gold Corporation to explore, develop and mine mineral properties in the Guiana Shield; concurrently, Barrick agrees to increase its interest in Reunion to 19.9% in REUNION GOLD CORPORATION

LONGUEUIL, Quebec, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company” or “Reunion”) is pleased to announce i) the execution of a Strategic Alliance Agreement (the “SAA”) with Barrick Gold Corporation (“Barrick”) (NYSE: GOLD) (TSX: ABX) to form a 50:50 alliance to jointly explore for, develop and mine certain mineral projects in the Guiana Shield (the “Alliance”), including Guyana, Suriname, French Guiana and the North and Northeast Regions of Brazil (the “Subject Area”); and ii) Barrick’s concurrent agreement to increase its interest in Reunion to 19.9% through its participation in Reunion’s previously announced private placement offering.


Alliance on Guiana Shield mineral properties


Reunion and Barrick have entered into the SAA to establish terms for the identification of mineral properties and mining projects (or options in respect thereof) that will be subject to the Alliance, the governance of the Alliance and the management of the mineral properties and mining projects that will be subject to the Alliance.


Reunion will initially contribute to the Alliance the Waiamu Project, the Aremu Project, the Arawini Project and the Oko Project, all located in Guyana (the “Initial Included Projects”). Barrick will initially fund an amount equal to US$4.2 million on the Initial Included Projects, as credit for historical exploration expenditures spent by Reunion, with subsequent funding to be on a 50:50 basis between Reunion and Barrick.


Subsequently, and as long as the Alliance will be in effect, if Reunion acquires an interest or an option to acquire an interest in any mineral property in the Subject Area, it will present the new project to Barrick and Barrick will have 90 days to elect to include the new project (an “Additional Included Project and, together with the Initial Included Projects, the “Included Projects”) in the Alliance. If included, Barrick will fund the initial costs and expenditures for the project in an amount equal to Reunion’s incurred costs on the project up to a maximum of US$250,000.


Barrick can at any time designate an Included Project as a “Designated Project”. Following such designation, Barrick will sole fund the Designated Project until the completion of a feasibility study in respect of the project. Upon completion of a feasibility study, Barrick’s interest in the Designated Project will increase to 70% and Reunion will retain a 30% interest.  If Barrick does not deliver a feasibility study on the Designated Project, the project returns to the Alliance as an Included Project.


Reunion will manage all exploration projects within the Alliance until such projects are defined as Designated Projects.  Barrick will manage all Designated Projects.


Reunion's interest in the Dorlin, Haute Mana and Boulanger Projects, all located in French Guiana, are initially not included in the Alliance. However, Barrick retains a right of first refusal on these projects, and can in the future define any project, based on certain criterias, as a Designated Project and would then, at that time, pay to Reunion 50% of all costs incurred by Reunion on such Designated Project to that date.


Following delivery of a feasibility study for a Designated Project, at Reunion’s request, Barrick will fund or arrange capital for Reunion’s share of any debt financing required to develop and construct a mine and related facilities on the Designated Project that Barrick has chosen to develop.  Barrick will receive an additional 5% interest in the Designated Project for funding or arranging such capital.


Réjean Gourde, Reunion’s president and CEO comments: “This Alliance addresses the concerns faced by explorers worldwide. The combination of skills, knowledge, working together create the conditions necessary for exploration and development success. The Guiana Shield is one of the best remaining places in the world for large scale gold discoveries. The Alliance creates the opportunity to deploy skills and expertise effectively and efficiently. The Guiana Shield has been overlooked for a variety of historical reasons, including remoteness, lack of infrastructure, knowledge of how to conduct effective tropical exploration and an understanding of local conditions and laws. The Alliance combines long-term local knowledge and record of success of the Reunion team together with the industry-leading skills and knowledge of Barrick. This combination focused on the Guiana Shield creates a greatly enhanced opportunity of success.


The gold industry is in its infancy in Guyana, Suriname and French Guiana. However, the success of the Omai, Rosebel and Merian gold projects have made the government of each of these countries fully aware of the societal and economic benefits that well regulated and efficient mining investment brings. In summary, you have one of the best geological environments in the world with political and social support and local acceptance for exploration and development which is being conducted by responsible companies in a professional manner.”


In connection with the entering into of the Alliance, Barrick will exercise its right under the Investor Rights Agreement between Barrick and Reunion dated December 1, 2017 to nominate one director to Reunion's board of directors.


The obligations to consummate the transactions contemplated by the SAA are subject to certain conditions and any required approvals.


Increased interest to 19.9%


Concurrently with the signing of the SAA, Barrick has agreed to subscribe to such number of shares to increase its interest in Reunion from 15% to 19.9%. Assuming that the previously announced private placement of up to $15 million is fully subscribed, Barrick will purchase 35,700,000 shares for a total value of $5,355,000.


The Company is planning to close the private placement on or about February 6, 2019, subject to certain conditions including receipt of TSX Venture Exchange acceptance of the private placement.


Cautionary Statement


This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to expectations, beliefs, plans, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", "anticipates", "plans", "budget", "scheduled", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: expectations concerning the Alliance with Barrick and the private placement financing. The Company may be unable to satisfy the conditions of the transactions described herein in the required timeframes. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, the Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company has entered into agreements to acquire an interest in the Dorlin, Boulanger and Haute Mana gold projects in French Guiana and in the Waiamu, Oko, Aremu and Arawini gold projects in Guyana. The Company’s shares are listed on the TSX Venture Exchange under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com 

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8020Admin

3 months

8020Admin posted a press release Reunion Gold announces revised terms of non-brokered private placement in REUNION GOLD CORPORATION

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

LONGUEUIL, Quebec, Jan. 29, 2019 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) announces that it has revised the issue price of its previously announced private placement offering (see press releases of December 13 and 21, 2018) to raise up to $15 million at $0.15 per common share of the Company. The Company determined that the repricing was appropriate due to current market conditions. The Company anticipates closing the private placement on or about February 5, 2019 with the participation of Barrick Gold Corporation and Dundee Resources Limited as previously announced.


Closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange (“TSXV”). The offering will be conducted in reliance upon certain prospectus and private placement exemptions. The Company may pay finder’s fees to qualified finders in accordance with the policies of the TSXV. The Company intends to use the proceeds of the Financing for exploration and development of the Company’s gold projects and for general working capital.


Cautionary Statement


This news release contains certain “forward-looking information” under Canadian securities laws. Specifically, this news release contains forward looking information about the Company’s plans to complete the Offering on the terms announced or at all and the anticipated participation in the Offering of Barrick Gold Corporation and Dundee Resources Ltd. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company’s control, including risks related to capital markets and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward-looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company has entered into agreements to acquire an interest in the Dorlin, Boulanger and Haute Mana gold projects in French Guiana and in the Waiamu, Aremu and Arawini gold projects in Guyana. The Company’s shares are listed on the TSX Venture Exchange under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com

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8020Admin

3 months

8020Admin posted a press release Reunion Gold announces extension of the private placement closing in REUNION GOLD CORPORATION

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR 
FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

LONGUEUIL, Quebec, Dec. 21, 2018 (GLOBE NEWSWIRE) -- Further to its December 13, 2018 news release, Reunion Gold Corporation (TSX-V: RGD) (the “Company”) announces that it now anticipates closing the up to $15 million private placement offering of its common shares at a price of $0.18 per share by mid-January 2019, with Barrick Gold Corporation and Dundee Resources Limited planning to maintain their respective 15% and 16.5% equity ownership interest in the Company.


Closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange. The offering will be conducted in reliance upon certain prospectus and private placement exemptions.


Cautionary Statement


This news release contains certain “forward-looking information” under Canadian securities laws. Specifically, this news release contains forward looking information about the Company’s plans to complete the Offering on the terms announced or at all and the anticipated participation in the Offering of Barrick Gold Corporation and Dundee Resources Ltd. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company’s control, including risks related to capital markets and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward-looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company has entered into agreements to acquire an interest in the Dorlin, Boulanger and Haute Mana gold projects in French Guiana and in the Waiamu, Aremu and Arawini gold projects in Guyana. The Company’s shares are listed on the TSX Venture Exchange under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com

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8020Admin

3 months

8020Admin posted a press release Barrick Announces Additional Investment in Reunion Gold Corporation in REUNION GOLD CORPORATION

All amounts expressed in Canadian dollars unless otherwise indicated

TORONTO, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (“Barrick”) announced today that it has agreed to exercise its participation right in connection with a private placement offering by Reunion Gold Corporation (TSX-V:RGD) (“Reunion”). Barrick has agreed to acquire up to an additional 12,600,000 common shares of Reunion at a price of $0.18 per share. The aggregate consideration to be paid by Barrick in the offering is $2,268,000. The Reunion offering is expected to close on or about December 20, 2018.


As a result of its additional investment, Barrick will own a total of 60,600,000 Reunion shares, leaving its interest in Reunion unchanged at approximately 15.0% of Reunion’s issued and outstanding common shares, determined on a non-diluted basis after giving effect to the offering.


Under the terms of the investor rights agreement entered into between Barrick and Reunion in connection with Barrick’s initial investment in Reunion on December 1, 2017, so long as Barrick holds not less than 10% of the then issued and outstanding shares of Reunion, Barrick will, among other things, have a right of first refusal in connection with the sale by Reunion of any interest in any of its mineral projects, and will have the right to assign one or more geologists to work full time on any or all of Reunion’s mineral projects.


Reunion is an exploration and development company focused on acquiring, exploring and developing gold projects in the highly prospective Guiana Shield of South America. Barrick holds its Reunion common shares for investment purposes. Depending on market conditions and other factors, including Reunion’s business and financial condition, Barrick may, subject to the investor rights agreement between Barrick and Reunion dated December 1, 2017, acquire additional common shares or other securities of Reunion or dispose of some or all of the common shares or other securities of Reunion that it owns at such time.


An early warning report will be filed by Barrick in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact Andy Lloyd, whose contact details are included below.


Barrick is a senior gold mining company organized under the laws of the Province of British Columbia. Barrick’s head office is located at Brookfield Place, TD Canada Trust Tower, Suite 3700, 161 Bay Street, P.O. Box 212, Toronto, Ontario  M5J 2S1. Reunion’s registered office is located at Brookfield Place, Suite 440, 181 Bay Street, Toronto, Ontario  M5J 2T3.


INVESTOR CONTACT
Deni Nicoski
Senior Vice President,
Investor Relations
Telephone: +1 416 307-7474
Email: dnicoski@barrick.com


MEDIA CONTACT
Andy Lloyd
Senior Vice President,
Communications
Telephone: +1 416 307-7414
Email: alloyd@barrick.com


CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION


The information in this press release has been prepared as at December 14, 2018. Certain information contained in this press release, including any information relating to the Reunion offering constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “may”, “will” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to the anticipated completion of the offering by Reunion, acquisition of Reunion shares by Barrick in the offering and Barrick’s acquisition or disposition of securities of Reunion in the future. Forward-looking statements are necessarily based upon a number of assumptions, including material assumptions considered reasonable by Barrick as at the date of this press release in light of management’s experience and perception of current conditions and expected developments, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies.


Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned not to put undue reliance on forward-looking statements which are not guarantees of future events, and speak only as of the date made. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements.


Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

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8020Admin

3 months

8020Admin posted a press release Reunion Gold Announces Non-Brokered Private Placement to raise up to $15 Million in REUNION GOLD CORPORATION

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR 
FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

LONGUEUIL, Quebec, Dec. 13, 2018 (GLOBE NEWSWIRE) -- Reunion Gold Corporation (TSX-V: RGD) (the “Company”) announces that it plans to complete a non-brokered private placement of up to 83,333,333 common shares of the Company (the “Shares”) at a price of $0.18 per Share to raise up to $15.0 million (the “Offering”).


Barrick Gold Corporation and Dundee Resources Ltd. have indicated their intention to exercise their right to participate in the Offering and to acquire such number of shares required to maintain their respective 15% and 16.5% equity ownership interest in the Company.


The Company expects to close the Offering by December 20, 2018, subject to certain conditions including, but not limited to, the receipt of all necessary corporate and regulatory approvals, including the approval of the TSXV. The Company intends to use the proceeds of the Offering for exploration and development of the Company’s gold projects in French Guiana and Guyana and for general working capital.


The Offering will be conducted in reliance upon certain prospectus and private placement exemptions. The securities issuable under the private placement will be subject to a hold period expiring four months and one day after the closing date. The Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.


Certain insiders of the Company, including Barrick Gold and Dundee Resources, are acquiring Shares in the Offering. Any participation by insiders in the Private Placement constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Company expects such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the fact that neither the fair market value of the Shares subscribed for by the insiders, nor the consideration for the Shares paid by such insiders, would exceed 25% of the Company’s market capitalization.


The Company will file a material change report in connection with the Offering less than 21 days before the expected closing date of the Offering, which the Company deemed reasonable in the circumstances to be able to avail itself of potential financing opportunities and complete the Offering in an expeditious manner.


Cautionary Statement


This news release contains certain “forward-looking information” under Canadian securities laws. Specifically, this news release contains forward looking information about the Company’s plans to complete the Offering on the terms announced or at all, the use of the proceeds of the Offering and the anticipated participation in the Offering of, and proceeds to be received from, each of Barrick Gold Corporation and Dundee Resources Ltd. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company’s control, including risks related to capital markets and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward-looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.


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 press release.


About Reunion Gold


Reunion Gold Corporation is a Canadian exploration company focused on acquiring, exploring and developing gold projects in the Guiana Shield, South America. The Company has entered into agreements to acquire an interest in the Dorlin, Boulanger and Haute Mana gold projects in French Guiana and in the Waiamu, Aremu and Arawini gold projects in Guyana. The Company’s shares are listed on the TSX Venture Exchange under the symbol ‘RGD’.


Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company’s website (www.reuniongold.com). For further information, please contact:


REUNION GOLD CORPORATION
Réjean Gourde, President & CEO
David Charles CFA, Investor Relations
Telephone: +1 450.677.2585
Email: info@reuniongold.com

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