Toronto, Canada, January 23, 2012 -- REBgold
Corporation ("REBgold" or the "Company",
TSX.V: RBG) today announced that has extended its Private
Placement financing, announced on November 8, 2011, until
February 16, 2012.
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 has enabled drilling to commence at
the Rantasalmi Project in Finland, as announced on January
16, 2012. 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
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