Canadian gold exploration and development company Reunion Gold Corp. announced that it is securing $15 million from a private placement.
The company said that it is raising the funds to finance the exploration and development of its gold projects in the South American countries of French Guiana and Guyana.
In French Guiana, the company has options to buy a 75 percent stake in the Dorlin Project, 100 percent interest in the Boulanger Project and 80 percent stake in the Haute Mana Project.
Reunion Gold noted that it also intends to complete a non-brokered private placement of up to 83.3 million common shares at 18 cents per share.