Reunion Gold Corporation-Corporate Update
December 13 2013 - 3:48PM
Marketwired
Reunion Gold Corporation-Corporate Update
LONGUEUIL, QUEBEC--(Marketwired - Dec 13, 2013) - Reunion Gold
Corporation (TSX-VENTURE:RGD) (the "Company") announces that it has
issued convertible notes to two of its executive officers with an
aggregate principal amount of $C 1,007,000 (the "Convertible
Notes"). The issuance of the Convertible Notes was accepted by the
TSX Venture Exchange on December 9, 2013. The Convertible Notes and
the underlying common shares issuable upon conversion are subject
to a four month hold period expiring April 10, 2014. As disclosed
in the Company's news release of November 18, 2013, the Convertible
Notes will bear interest at the rate of 1% per month until
maturity. All of the outstanding principal and interest accrued
will be repayable on the earlier of the completion of a minimum
financing by Reunion or upon demand at any time after June 30,
2014. As for the loan of $US 212,000 by the same two executive
officers, it will continue to bear interest at the rate of 1% per
month and be repayable on the earlier of the completion of a
minimum financing by Reunion or upon demand at any time after June
30, 2014.
A material change report in connection with the Convertible
Notes is being filed less than 21 days before the issuance of the
Convertible Notes. This shorter period is reasonable and necessary
in the circumstances as the Company wished to complete the issuance
of the Convertible Notes in a timely manner.
About the Company
The Company through its 100% owned subsidiary Reunion Manganese
Inc. has assembled a large, strategic land position to conduct
exploration and development activities for manganese in the North
West District of Guyana. Additional information is available
through regular filings and press releases on SEDAR (www.sedar.com)
and on the Company's website at www.reuniongold.com.
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Reunion Gold CorporationJames CrombiePresident and Chief
Executive Officer450.677.2585450.677.2601info@reuniongold.com
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