Reliant Gold Corp.

Reliant Gold Corp.

September 13, 2011 08:18 ET

Reliant Gold Enters Into Shares for Debt Agreements

TORONTO, ONTARIO--(Marketwire - Sept. 13, 2011) - Reliant Gold Corp. ("Reliant" or the "Company") (TSX VENTURE:REC) is pleased to announce that it has settled outstanding indebtedness of $53,541.84 through the issuance of common shares of the Company ("Common Shares") at a deemed price of $0.075 per Common Share (the "Debt Settlement"), subject to receipt of final acceptance from the TSX Venture Exchange ("Exchange"). The issue price of the Debt Settlement was the market price of the Common Shares at the close of trading on September 12, 2011. A total of 713,891 Common Shares were issued under the Debt Settlement, which extinguished debts owed by the Company to two arm's length trade creditors.

The Common Shares will be subject to a four-month restricted resale period, which will expire on January 13, 2012.


Reliant is a junior mineral exploration company with an experienced management team engaged in the acquisition, exploration and development of properties for the mining of precious and base metals and uranium. The Company holds: (i) an option to acquire a 100% interest in the MC Dalhousie Property located in northwestern British Columbia, Canada; (ii) an option to acquire a 100% interest in the North Nonacho Property in the vicinity of Nonacho Lake, Northwest Territories, Canada; (iii) an option to acquire a 100% interest in the Esten Property located 10 km south of Elliott Lake, Ontario, Canada, as well as 16 units staked by the Company contiguous to the Esten Property; and (iv) a 100% interest in the Borden Lake South Property, comprised of 288 claims, located 10 km east of town of Chapleau, Ontario. The common shares of Reliant trade on the TSX Venture Exchange under the stock symbol "REC". The Company has 20,502,777 common shares issued and outstanding.

No securities commission or regulatory authority has approved or disapproved the contents of this press release.

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

  • Reliant Gold Corp.
    Andrew Hara (Harasimowicz), B.Sc. (Hon.), P.Eng.
    President, Chief Executive Officer and Director
    (905) 822-4078
    (905) 822-8018 (FAX)