Reunion Gold Provides Corporate Update
LONGUEUIL, CANADA--(Marketwired - Feb 19, 2016) - Reunion Gold Corp. (TSX VENTURE:RGD) (the "Company") announces that it has filed its interim consolidated financial statements and management's discussion and analysis for the third quarter ended December 31, 2015 on SEDAR (www.sedar.com).
The Company's Matthews Ridge manganese project continues to be on care and maintenance as commodity prices, including manganese prices, remain weak. The Company has applied for an extension of its Matthews Ridge prospecting licenses, which extension can be granted at the discretion of the Minister responsible for the Guyana Mining Act. The decision on the extension application is still pending. The Company is evaluating various options to fund ongoing obligations and settle its negative working capital.
The Company also announces that Mr. James Crombie has resigned as President, CEO and director of the Company. On behalf of the Company, Mr David Fennell wishes to thank Mr. Crombie for his past services and wishes him well in his future projects. Mr. Fennell will serve as Interim President and CEO of the Company in addition to his role as executive chairman.
Forward looking statements
This press release contains statements that are 'forward-looking information' under Canadian securities laws. Forward looking information refers to statements about possible events, conditions or results of operations that are based on assumptions about future economic conditions and courses of action. Forward-looking information is subject to known and unknown risks and uncertainties that may result in actual events differing materially from those anticipated in the forward-looking information. Forward looking information in this news release includes statements about the renewal of the prospecting licenses and obtaining funds to continue its operations. A variety of risks and uncertainties could have an impact on the achievement of these objectives. There can be no assurance that the licenses will be renewed or that additional funds will be available on terms acceptable to the Company, or at all. The statements containing forward-looking information in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, unless required to do so by applicable securities laws.
About Reunion Gold
Reunion Gold Corp., an exploration stage company, has assembled a large, strategic land position to conduct exploration and development activities for manganese in the North West District of Guyana, South America. Additional information about the Company is available on SEDAR and 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.
Contact
David Fennell, Executive Chairman
+1 450.677.2585
+1 450.677.2601
info@reuniongold.com