La Ronge Announces Intention to Conduct Normal Course Issuer Bid
12 December 2013 - 2:29PM
Marketwired
La Ronge Announces Intention to Conduct Normal Course Issuer Bid
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 11, 2013) - La
Ronge Gold Corp. (the "Company") (TSX-VENTURE:LAR) announced today
that it is conducting a normal course issuer bid. Under the bid,
which will be conducted pursuant to the rules of the TSX Venture
Exchange ("TSXV"), the Company may purchase up to 1,873,254 of its
common shares (the "Common Shares") representing approximately 5%
of the Company's issued and outstanding Common Shares.
The bid will commence December 17, 2013 and will expire December
16, 2014 or such earlier date as the Company may complete its
purchases. The price at which the Company will purchase its shares
will be the market price thereof at the time of acquisition.
Purchases of Common Shares will be made in the open market through
the facilities of the TSXV. The Company may purchase a maximum of
749,301 Common Shares in a given 30 day period. Common Shares
acquired by the Company will be cancelled. The Company has
37,465,088 Common Shares issued and outstanding as of December 6,
2013. The Exchange Member conducting the bid on behalf of the
Company will be Canaccord Genuity Corp.
The Board of Directors of the Company believes that the current
market price of the Common Shares may not fully reflect the value
of the Company's business and its future business prospects. As a
result, the Board has concluded that the purchase of the Common
Shares may represent an appropriate and desirable use of the
Company's funds and further enhance market stability.
Gordon Davidson, P. Geol., the Company's Vice President of
Exploration and a Qualified Person for the purposes of National
Instrument 43-101, has reviewed the technical information in this
News Release.
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.
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.
FORWARD-LOOKING
INFORMATION
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 except as required by
applicable laws, 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,
except as required by applicable laws.
La Ronge Gold Corp.Rasool Mohammad, B.Sc. (Mining)President
& CEO(604) 639-4533(604)
685-3765info@larongegold.comwww.larongegold.com
(TSXV:LAR)
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