La Ronge Announces Private Placement
La Ronge Announces Private Placement
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/12/13 -- La Ronge Gold Corp. (TSX VENTURE:LAR) (the "Company") is pleased to announce that, subject to necessary regulatory approvals, it has arranged a non-brokered private placement consisting of 1,000,000 flow-through shares ("FT Shares") at a price of $0.20 per FT Share, for gross proceeds of $200,000. The FT Shares will be "flow-through" shares pursuant to the Income Tax Act (Canada).
The proceeds of the private placement will be used by the Company to incur eligible Canadian Exploration Expenses, as defined by the Income Tax Act (Canada).
The Company may pay finder's fees in connection with the private placement, subject to compliance with the policies of the TSX Venture Exchange (the "Exchange"). Completion of the private placement and the payment of the finder's fees remain subject to the approval of the Exchange. All securities issued under the private placement will have a four-month statutory hold period.
About La Ronge Gold Corp.
La Ronge Gold is a Vancouver-based rapidly advancing gold-resource growth and development company, focused on the expansion of high-grade gold deposits in one of Canada's emerging gold producing regions, the La Ronge Gold Belt, northern Saskatchewan. The Company has significant land positions (52,932 Ha. or 131,000 acres) in the region. The Company also holds other gold projects located in Ontario, Canada.
For more information about La Ronge Gold Corp., please go to www.larongegold.com.
Rasool Mohammad, B.Sc. (Mining), President & CEO
LA RONGE GOLD CORP.
This News Release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects and other plans, intentions, expectations, estimates, and beliefs of the Company. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein, or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise.
Neither 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.
Contacts: La Ronge Gold Corp. (604) 639-4533 (604) 685-3765 (FAX) email@example.com www.larongegold.com