Reunion Gold Corporation Completes Early Warrant Exercise Incentive Program
January 07 2008 - 9:55AM
Marketwired
LONGUEUIL, QUEBEC (the "Corporation") is pleased to announce
that a total of 6,112,500 of the warrants issued in January and
February 2004 (the "2004-Warrants") were exercised during the
previously announced Incentive Program for gross proceeds of
$7,640,625. A total of 3,056,250 new warrants were issued to those
warrantholders who exercised their 2004-Warrants during the
Incentive Program. Each new warrant entitles the holder thereof to
acquire one additional common share of the Corporation at an
exercise price of $1.50 for a period of two years from the date of
issuance. The Corporation was assisted in the warrant exercise
program by Dundee Securities Corporation.
Following completion of the program, the Corporation has
46,969,316 common shares issued and outstanding, 11,439,915
warrants outstanding at an exercise price of $1.25 per share,
expiring at various dates from December 2008 to January 2009,
3,056,250 warrants outstanding at an exercise price of $1.50 per
share, expiring at various dates in December 2009, and 3,570,000
stock options at an exercise price varying between $0.20 and $2.15
and expiring by March 2012.
Additional information about the Corporation is available
through regular filings and press releases on SEDAR (www.sedar.com)
and on the Corporation's website (www.reuniongold.com).
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Reunion Gold Corporation James Crombie President &
CEO 450-677-2585 450-677-2601 (FAX) james_crombie@reuniongold.com
Reunion Gold Corporation Louise Quinn Manager, Investor Relations
450-677-3523 450-677-2601 (FAX) louise_quinn@reuniongold.com
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