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REBgold Secures Funding for Business Development

REBgold Corporation (RBG.V) has received a commitment for an aggregate of approximately $1.4 million of additional funding from investment funds managed or controlled by Baker Steel Capital Managers LLP. Baker Steel's investment will be part of a non-brokered private placement of up to $2.5 million that the company intends to complete.

The company intends to use the proceeds from the private placement to investigate and secure additional project opportunities, to continue investing in its highly prospective Finnish projects and for working capital.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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