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Reunion Gold Corp Ord (RGDFF) is a leading gold explorer in the Guiana Shield, South America. With a focus on the Oko West Project in Guyana, the company has a significant gold discovery potential. The recent agreement with G Mining Ventures Corp. to combine the companies aims to create a leading intermediate gold producer in the region. RGDFF shareholders will benefit from the acquisition through the issuance of new common shares in the combined company and a newly created gold explorer, SpinCo. The merger is poised to advance Oko West towards production, backed by GMIN's expertise and financial strength.
Rhea-AI Summary
G Mining Ventures (GMIN) and Reunion Gold have completed their business combination through a court-approved plan of arrangement. Key points:
- GMIN acquires Reunion Gold's Oko West project in Guyana
- Former Reunion Gold shareholders receive 0.07125 New GMIN shares and 0.05 Greenheart Gold shares per Reunion share
- Former GMIN shareholders receive 0.25 New GMIN shares per GMIN share
- New GMIN aims to become a leading intermediate gold producer
- Oko West has 4.3 Moz Indicated and 1.6 Moz Inferred gold resources
- New GMIN shares expected to trade on TSX under 'GMIN' symbol around July 17, 2024
- Greenheart Gold to focus on exploration in Guiana Shield
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Rhea-AI Summary
G Mining Ventures and Reunion Gold announce a combination to create a leading intermediate gold producer in the Americas by acquiring Oko West, a significant gold discovery in Guyana. GMIN aims to leverage its best-in-class management team and de-risked growth profile to accelerate Oko West's development, supported by cash flow from Tocantinzinho Gold Project. The Transaction offers a 29% premium to RGD shareholders, with GMIN acquiring RGD's assets and creating a new gold explorer. The deal is expected to enhance GMIN's market profile, with continued support from La Mancha and Franco-Nevada.
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Rhea-AI Summary
Reunion Gold has signed a Mineral Agreement with the Government of Guyana for its Oko West Project, ensuring stable fiscal and operating conditions. The agreement includes commitments to prioritize local employment, provide training programs, and support environmental and social projects. The Company aims to advance the project towards construction decision by completing a preliminary economic assessment by mid-2024.
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Reunion Gold reports positive drill results from its Oko West Project in Guyana, with high-grade gold mineralization expanding on Block 6. Key highlights include Hole D-375 intersecting 60.4m @ 1.50 g/t Au, Hole D-381 intersecting 44.9m @ 2.28 g/t Au, and Hole D-389 intersecting 21.6m @ 4.00 g/t Au. The Company aims to release a Preliminary Economic Assessment by Q2 2024.
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News
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Reunion Gold announces the filing of the NI 43-101 Technical Report for the Oko West Gold Project in Guyana, showing a significant increase in grades and contained gold. The report supports the updated Mineral Resource Estimate published earlier, with no material differences from the previous disclosure.
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FAQ
What is the current stock price of REUNION GOLD ORD (RGDFF)?
The current stock price of REUNION GOLD ORD (RGDFF) is $0.5442 as of February 7, 2025.
What is the market cap of REUNION GOLD ORD (RGDFF)?
The market cap of REUNION GOLD ORD (RGDFF) is approximately 680.3M.
What is Reunion Gold Corp Ord known for?
Reunion Gold Corp Ord (RGDFF) is a leading gold explorer in the Guiana Shield, South America, with a focus on the Oko West Project in Guyana.
What recent agreement has Reunion Gold Corp Ord entered into?
Reunion Gold Corp Ord has entered into a definitive agreement with G Mining Ventures Corp. to combine the two companies, aiming to create a leading intermediate gold producer.
How will Reunion Gold Corp Ord shareholders benefit from the merger?
Reunion Gold Corp Ord shareholders will receive common shares in the newly formed company, New GMIN, and a newly created gold explorer, SpinCo, as part of the acquisition agreement.
What is the focus of Reunion Gold Corp Ord after the merger?
After the merger, Reunion Gold Corp Ord will continue to focus on advancing the Oko West Project towards production, leveraging GMIN's expertise and financial strength.
When is the completion of the merger expected?
The completion of the merger between Reunion Gold Corp Ord and G Mining Ventures Corp is anticipated to be in Q3 2024, subject to necessary approvals and closing conditions.
What is the potential outcome of the merger for Reunion Gold Corp Ord shareholders?
The merger presents an attractive upfront premium for Reunion Gold Corp Ord shareholders and the opportunity to participate in the combined company's future success as a leading intermediate gold producer.
Who are the key executives involved in Reunion Gold Corp Ord?
Key executives of Reunion Gold Corp Ord include CEO, President, and Director Rick Howes, who leads the company's strategic initiatives and business development.
What regions does Reunion Gold Corp Ord operate in?
Reunion Gold Corp Ord primarily operates in the Guiana Shield region of South America, with a focus on the Oko West Project in Guyana.
What is the long-term vision of Reunion Gold Corp Ord?
Reunion Gold Corp Ord aims to become a leading intermediate gold producer in South America, building on its success and expertise in the region.
How does the merger with G Mining Ventures Corp benefit Reunion Gold Corp Ord?
The merger with G Mining Ventures Corp provides Reunion Gold Corp Ord access to additional resources, expertise, and financial support to advance its projects towards successful production.
REUNION GOLD CORP ORD