REBgold Corporation
TSX VENTURE : RBG

REBgold Corporation

January 23, 2012 08:00 ET

REBgold Extends Private Placement

TORONTO, CANADA--(Marketwire - Jan. 23, 2012) - REBgold Corporation ("REBgold" or the "Company"), (TSX VENTURE: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.

Shares outstanding 182,258,486

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.

Contact Information

  • REBgold Corporation
    EJ Spencer
    Corporate and Investor Relations
    Administrator
    416-646-1850 X 242
    www.reb-gold.com