REBGOLD CORP 
By
Toronto, Canada, December 23, 2011 - REBgold Corporation
("REBgold" or the "Company", TSX.V: RBG)
today announced that has extended its Private Placement
financing, announced on November 8, 2011, for up to 30
days.
On November 21, 2011, the Company closed the first tranche of the Private Placement, and issued 20 million units at $0.05, for proceeds of $1,000,000. Each unit consists of one common share and one, 5-year, common share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of $0.10.
Proceeds raised so far will enable drilling to commence at the Rantasalmi Project in Finland in early January. Additional funds raised will be utilized to expand the drilling program, where there are numerous targets along strike and down dip from existing resources and other areas of identified mineralization.
REBgold PROFILE
REBgold is in the process of acquiring and developing economic interests in gold assets, in particular, where it can utilize its competitive advantages, to create shareholder value.
The Company's key competitive advantages include an experienced board and management team, strategic investor backing and proprietary technology. The Company's bacterial oxidation and bioleaching technologies are commercially proven for the liberation of precious metals from difficult-to-treat sulphide ores and concentrates, with environmental and economic benefits. To date, the Company's BACOX technology has been used at three gold mines located in Western Australia, Tasmania and China.
For further information contact:
EJ Spencer
REBgold Corporation
Corporate and Investor Relations Administrator
416-646-1850 X 242
On November 21, 2011, the Company closed the first tranche of the Private Placement, and issued 20 million units at $0.05, for proceeds of $1,000,000. Each unit consists of one common share and one, 5-year, common share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of $0.10.
Proceeds raised so far will enable drilling to commence at the Rantasalmi Project in Finland in early January. Additional funds raised will be utilized to expand the drilling program, where there are numerous targets along strike and down dip from existing resources and other areas of identified mineralization.
REBgold PROFILE
REBgold is in the process of acquiring and developing economic interests in gold assets, in particular, where it can utilize its competitive advantages, to create shareholder value.
The Company's key competitive advantages include an experienced board and management team, strategic investor backing and proprietary technology. The Company's bacterial oxidation and bioleaching technologies are commercially proven for the liberation of precious metals from difficult-to-treat sulphide ores and concentrates, with environmental and economic benefits. To date, the Company's BACOX technology has been used at three gold mines located in Western Australia, Tasmania and China.
For further information contact:
EJ Spencer
REBgold Corporation
Corporate and Investor Relations Administrator
416-646-1850 X 242
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 release.
