A total of 67,606,028 common shares of the Company (each a 'Share') were issued upon the exercise of 67,606,028 previously outstanding share purchase warrants (the 'Outstanding Warrants'), providing aggregate gross proceeds of
For every Outstanding Warrant that were exercised, the holders of such Outstanding Warrant received the one Share to which they were otherwise entitled under the terms of the Outstanding Warrants and one-half of one common share purchase warrant (the 'Incentive Warrant'). Each whole Incentive Warrant allows the holder to acquire one Share at an exercise price of
Holders of 80,469,344 common share purchase warrants issued on
The Company is well funded to pursue its planned exploration activities. The proceeds from the Program will be used for exploration on the Company's mineral projects in
The Incentive Warrants issued are subject to a hold period ending
A portion of the Outstanding Warrants were exercised by insiders of the Company. Participation by such insiders in the Program constitutes a related party transaction pursuant to Multilateral Instrument 61-101 - Special Transactions ('MI 61-101').
Cautionary Statement
The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within
This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward looking information in this news release includes information with respect to the intended use of proceeds. Forward-looking information is based on reasonable assumptions that have been made by
About
Contact:
Tel: +1 450.677.2585
Email: info@reuniongold.com
(C) 2021 Electronic News Publishing, source