La Ronge Gold Corp.
TSX VENTURE : LAR

La Ronge Gold Corp.

November 24, 2011 16:22 ET

La Ronge Gold Corp.: Private Placement Increased

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2011) - LA RONGE GOLD CORP. (TSX VENTURE:LAR) is pleased to announce that it has increased the size of its private placement announced October 18, 2011 from 3,200,000 Units to 4,076,333 Units for total proceeds of up to $1,088,400. The financing will consist of flow through units priced at $0.30 and non flow through units priced $0.25 per Unit. Each Unit consists of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share for two years at a price of $0.40 per share. The private placement is subject to regulatory approval.

Proceeds from the private placement will be used for exploration expenditures on the Company's Saskatchewan and Ontario mineral properties as well as for general working capital.

La Ronge Gold Corp. is a gold exploration company focusing on gold exploration projects in Saskatchewan and Ontario.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • La Ronge Gold Corp.
    Rasool Mohammad
    President & CEO
    (604) 639-4533
    (604) 685-3764 (FAX)
    www.larongegold.com