Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has received the final order from the Ontario Superior Court of Justice (Commercial List) approving the company’s previously announced plan of arrangement. According to the announcement, the company has formed a new entity and been incorporated; the new company will hold and manage the combined business of Reunion Gold and G Mining Ventures Corp. The transaction involves the new company acquiring all of the issued and outstanding common shares in the capital of Reunion Gold and all of the issued and outstanding common shares in the capital of GMIN. As a result, for each Reunion Gold share held, a holder will receive 0.07125 of a common share of the new GMIN and 0.05 of a common share of Greenheart Gold Inc., a newly created gold explorer. Holders of GMIN shares will receive 0.25 of a new GMIN share for each GMIN share held. The company noted that all conditions for the arrangement have been met or waived, and completion of the arrangement is anticipated by July 15, 2024.
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About Reunion Gold Corporation
Reunion Gold Corporation is a leading gold explorer in the Guiana Shield, South America. In 2020, Reunion Gold announced an exciting new greenfield gold discovery at its Oko West project in Guyana and announced its maiden Mineral Resource Estimate in June 2023 after only 22 months of resource definition drilling. In February 2024, Reunion Gold announced an updated Mineral Resource Estimate containing a total of 4.3 Moz of gold in Indicated Resources grading 2.05 g/t and 1.6 Moz of gold in Inferred Resources grading 2.59 g/t. For more information about the company, please visit www.ReunionGold.com.
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