RNC Minerals Reports Increase in August Gold Production; Amends Bought-Deal Financing

Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

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Sincerely,

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RNC Minerals Reports Increase in August Gold Production; Amends Bought-Deal Financing

posted on Sep 06, 2019 09:49AM

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2019-09-06 08:40:33 AM ET (MT Newswires)

08:40 AM EDT, 09/06/2019 (MT Newswires) -- Exploration company RNC Minerals (RNX.TO) said Friday that during the month of August, it produced 8,104 ounces of gold, an increase from 7,873 ounces in July.

Furthermore, the company said it has entered into an agreement with a syndicate of underwriters, led by Haywood Securities, to amend their previously announced bought-deal financing.

The company will now issue 45 million units, with each unit consisting of one common share and one-half of one common share purchase warrant, at a price of C$0.40 apiece, for gross proceeds of C$18 million. The company had originally planned to issue 45 million common shares at C$0.40 apiece.

The company will still use the funds from the offering to increase production at Beta Hunt, for its Higginsville Gold Operations, and for general corporate purposes.

Karora Resources

RNC Minerals Reports Increase in August Gold Production; Amends Bought-Deal Financing