Reunion Gold (TSE:RGD) has released an update.
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G Mining Ventures and Reunion Gold have announced a definitive agreement to merge, with the aim of establishing a prominent intermediate gold producer in the Americas. GMIN will acquire Reunion’s Oko West Project in Guyana, which is poised to boost GMIN’s production capabilities with its significant gold discovery. The merger is supported by a US$50 million equity financing from La Mancha and Franco-Nevada, bolstering the combined entity’s growth and re-rate potential.
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