REBgold Corporation
TSX VENTURE : RBG

REBgold Corporation

December 14, 2010 15:59 ET

REBgold Issues Options

TORONTO, CANADA--(Marketwire - Dec. 14, 2010) - REBgold Corporation ("REBgold" or the "Company") (TSX VENTURE:RBG) today announced that the board of directors has approved the issuance of 500,000 options to purchase common shares of the Company to Directors of the Company. The exercise price of the options is $0.12. They are subject to a 4 month hold and have a term of 5 years.

The total number of outstanding options under the Company's plan is 11,445,000 or approximately 85% of the outstanding shares.

REBgold PROFILE

REBgold is a mining company with plans to acquire and develop an economic interest 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 patented BACOX technology has been used at three gold mines located in Western Australia, Tasmania and China.

Shares outstanding 133,600,039

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
    Ross Orr
    Director
    416-646-1850 ext 222