|By Marketwired .||
|December 13, 2013 03:49 PM EST||
LONGUEUIL, QUEBEC -- (Marketwired) -- 12/13/13 -- Reunion Gold Corporation (TSX VENTURE: RGD) (the "Company") announces that it has issued convertible notes to two of its executive officers with an aggregate principal amount of $C 1,007,000 (the "Convertible Notes"). The issuance of the Convertible Notes was accepted by the TSX Venture Exchange on December 9, 2013. The Convertible Notes and the underlying common shares issuable upon conversion are subject to a four month hold period expiring April 10, 2014. As disclosed in the Company's news release of November 18, 2013, the Convertible Notes will bear interest at the rate of 1% per month until maturity. All of the outstanding principal and interest accrued will be repayable on the earlier of the completion of a minimum financing by Reunion or upon demand at any time after June 30, 2014. As for the loan of $US 212,000 by the same two executive officers, it will continue to bear interest at the rate of 1% per month and be repayable on the earlier of the completion of a minimum financing by Reunion or upon demand at any time after June 30, 2014.
A material change report in connection with the Convertible Notes is being filed less than 21 days before the issuance of the Convertible Notes. This shorter period is reasonable and necessary in the circumstances as the Company wished to complete the issuance of the Convertible Notes in a timely manner.
About the Company
The Company through its 100% owned subsidiary Reunion Manganese Inc. has assembled a large, strategic land position to conduct exploration and development activities for manganese in the North West District of Guyana. Additional information is available through regular filings and press releases on SEDAR (www.sedar.com) and on the Company's website at www.reuniongold.com.
"Neither 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 release."
Reunion Gold Corporation
President and Chief Executive Officer