Reunion Gold Provides a Corporate Update
(firmenpresse) - LONGUEUIL, CANADA -- (Marketwired) -- 04/18/16 -- Reunion Gold Corporation (TSX VENTURE: RGD) (the "Company") is pleased to report that the Guyana Geology & Mines Commission ("GGMC") has confirmed that the Matthews Ridge prospecting licenses held by Reunion Manganese Inc., the Company''s Guyanese subsidiary, continue to be in good standing. As a result of the significant decline in manganese price which has adversely affected the development of the Matthews Ridge project, the GGMC has agreed to defer certain obligations under the licenses for a period of up to two years, ending April 30, 2018.
The Matthews Ridge project continues to be on care and maintenance while the Company is evaluating various options to fund ongoing obligations.Under the current market conditions, there can be no assurance that the Company will be able to complete a financing or other type of arrangement to fund its ongoing obligations and develop its Matthews Ridge project.
The Matthews Ridge project which contains a significant manganese resource is located in the North West District of Guyana, South America. Additional information about the Company is available on SEDAR () and on the Company''s website ().
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.
Contacts:
Reunion Gold Corporation
David Fennell
Executive Chairman
+1 450.677.2585
+1 450.677.2601 (FAX)
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Datum: 18.04.2016 - 10:33 Uhr
Sprache: Deutsch
News-ID 1428726
Anzahl Zeichen: 2413
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LONGUEUIL, CANADA
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Mining & Metals
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