Reunion Gold raises $70 million in bought deal

Company

Reunion Gold Corporation

Law Firm / Organization
McMillan LLP

Bank

BMO Nesbitt Burns Inc.

Law Firm / Organization
Borden Ladner Gervais LLP (BLG)

Company

SCP Resource Finance LP

Law Firm / Organization
Borden Ladner Gervais LLP (BLG)

Company

Cormark Securities Inc.

Law Firm / Organization
Borden Ladner Gervais LLP (BLG)

Company

Paradigm Capital Inc.

Law Firm / Organization
Borden Ladner Gervais LLP (BLG)

Company

Canaccord Genuity Corp.

Law Firm / Organization
Borden Ladner Gervais LLP (BLG)

Company

iA Private Wealth Inc.

Law Firm / Organization
Borden Ladner Gervais LLP (BLG)

Company

Stifel Nicolaus Canada Inc.

Law Firm / Organization
Borden Ladner Gervais LLP (BLG)

Reunion Gold Corporation announced on September 20, 2023, a bought deal offering of 152,200,000 common shares at $0.46 per share, raising $70.012 million. The offering closed on September 26, 2023, with underwriters BMO Nesbitt Burns Inc. (sole book-runner), SCP Resource Finance LP, Cormark Securities Inc., Paradigm Capital Inc., Canaccord Genuity Corp., iA Private Wealth Inc., and Stifel Nicolaus Canada Inc.

Net proceeds, approximately $66.261 million, will fund exploration and development of the Oko West Project in Guyana, with remaining funds allocated to corporate expenses and working capital. Legal advisors were McMillan LLP for Reunion Gold and Borden Ladner Gervais LLP for the underwriters.

Public/Private Offering
Mining
$ 70,012,000
Closed
26 September 2023