Reliant Gold announces $150K private placement

pcNewsWireReliant Gold Corp. (TSX-V: RNG) intends to complete a proposed non-brokered private placement of up to 3,000,000 units at $0.05 per unit for gross proceeds of up to $150,000.

Net proceeds will be allocated towards working capital.

News Release

RELIANT GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto – July 5, 2017 – Reliant Gold Corp. (“Reliant Gold” or the “Corporation”) (TSX VENTURE: RNG) is pleased to announce that it intends to complete a proposed non-brokered private placement (the “Unit Offering”) of up to 3,000,000 Units (the “Units”) of the Corporation at a price of $0.05 per Unit for up to $150,000 in gross proceeds.

Each Unit consists of (i) one common share of the Corporation and (ii) one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one common share of the Company (“a Warrant Share”) at a price of $0.10 for a period of 5 years from the closing date of the Unit Offering. Net proceeds of the Unit Offering will be allocated towards working capital.

In connection with the Unit Offering, the Corporation may pay finder’s fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. Reliant Gold has previously disclosed all material information relating to the Corporation.

It is anticipated that the Unit Offering will close no later than August 11, 2017, or such later date as may be determined by the Corporation.

The Unit Offering is subject to regulatory approval, including approval of the TSX Venture Exchange. All securities to be issued pursuant to the above-referenced Unit Offering will be subject to a statutory four month hold period, such period to commence on the date of closing of the Unit Offering.

This press release is not an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The Units being sold pursuant to the offering have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the United States Securities Act of 1933, as amended.

ABOUT RELIANT GOLD

Reliant Gold is a junior mineral exploration company engaged in the acquisition, exploration and development of properties for the mining of precious and base metals. Reliant Gold currently holds a 100% interest in the East Bay Property, comprised of 56 mineral claim units totalling 896 hectares in the McVicar Lake area, located approximately 90 kilometres west of Pickle Lake, Ontario, and 130 kilometres southwest of Goldcorp Inc.’s Musselwhite Gold Mine.

In addition, Reliant Gold holds a one-percent (1%) royalty on the net smelter returns from the future production and sale of minerals from Borden Lake South (the “NSR”), with Goldcorp Inc. having the right, at any time, to purchase fifty percent (50%) of the NSR from Reliant Gold by making a cash payment of $500,000 (plus any applicable taxes) to Reliant Gold, and a right of first refusal in favour of Goldcorp Inc. with respect to any future transfers of the NSR by Reliant.

The common shares of Reliant Gold trade on the TSX Venture Exchange under the stock symbol ″RNG″. The Corporation has 22,945,169 common shares issued and outstanding.

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

Kabir Ahmed
Chairman, President, CEO and Director Reliant Gold Corp. Email: info@reliantgold.com Tel: (416) 820-4107