Last C$0.03 CAD
Change Today 0.00 / 0.00%
Volume 0.0
REC On Other Exchanges
Symbol
Exchange
Venture
As of 1:52 PM 07/17/14 All times are local (Market data is delayed by at least 15 minutes).

reliant gold corp (REC) Snapshot

Open
C$0.03
Previous Close
C$0.03
Day High
C$0.03
Day Low
C$0.03
52 Week High
03/17/14 - C$0.09
52 Week Low
08/14/13 - C$0.0050
Market Cap
558.6K
Average Volume 10 Days
1.7K
EPS TTM
--
Shares Outstanding
22.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RELIANT GOLD CORP (REC)

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reliant gold corp (REC) Details

Reliant Gold Corp., a junior mineral exploration company, is engaged in the acquisition, exploration, and development of precious and base metal properties in Canada. It holds a 100% interest in the Borden Lake South Project that comprises 288 claim units covering an area of 11,525 acres located in Chapleau, Ontario. The Borden Lake South Project is prospective for gold and copper mineralization. The company was formerly known as REC Minerals Corp. and changed its name to Reliant Gold Corp. in February 2011. Reliant Gold Corp. was incorporated in 2005 and is based in Toronto, Canada.

Founded in 2005

reliant gold corp (REC) Top Compensated Officers

Founder, President, Corporate Counsel, Direct...
Total Annual Compensation: --
Compensation as of Fiscal Year 2012.

reliant gold corp (REC) Key Developments

Reliant Gold Announces Executive Changes

Reliant Gold Corp. announced that effective May 1, 2014, Mr. Kabir Ahmed will step down as Chief Executive Officer, but will remain as President and Corporate Counsel of the Corporation. Effective May 1, 2014, Mr. J. Errol Farr, the Corporation's Chairman and Interim CFO, will also assume the role of Chief Executive Officer. The modification in the senior management structure will now allow Mr. Ahmed to focus on matters of corporate governance and regulatory compliance, while Mr. Farr will focus on strategic management, property acquisition & development and financing efforts for the Corporation.

Reliant Gold Corp. Auditor Raises 'Going Concern' Doubt

Reliant Gold Corp. filed its Annual on Apr 29, 2014 for the period ending Dec 31, 2013. In this report its auditor, McGovern, Hurley, Cunningham, LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Reliant Gold Corp. and Probe Mines Limited Agree to Terms of Joint Venture with Respect to the Borden Lake South Property

Reliant Gold Corp. announced that it has agreed to the principal commercial terms for a joint venture agreement with Probe Mines Limited with respect to Reliant's Borden Lake South Property, located in Chapleau, Ontario. The principal commercial terms of the joint venture are as follows: Probe and Reliant will have a 51% interest and a 49% interest, respectively, in the joint venture; Probe will make a cash payment of $200,000 and issue 100,000 common shares of Probe to Reliant upon the execution and delivery by the parties of a definitive joint venture agreement; Probe will be responsible for maintaining the property in good standing until the earlier of the completion of a bankable feasibility study with respect to the Property; and the date which is five years from the date of the execution and delivery by the parties of a definitive joint venture agreement; Probe will be responsible for funding 100% of the joint venture until the earlier of the delivery of a positive bankable feasibility study with respect to the Property by Probe to Reliant; and the date which is five years from the date of the execution and delivery by the parties of a definitive joint venture agreement; on delivery of a positive bankable feasibility study with respect to the Property by Probe to Reliant on or prior to the date which is five years from the date of the execution and delivery by the parties of a definitive joint venture agreement, Probe will earn an additional 24% interest in the joint venture increasing its interest to 75% and, thereafter, Probe and Reliant will be responsible for the costs of maintaining the Property in good standing and funding the joint venture as to 75% and 25%, respectively; and if a positive bankable feasibility study with respect to the property is not delivered by Probe to Reliant on or prior to the date which is five years from the date of the execution and delivery by the parties of a definitive joint venture agreement, the interests of the parties in the joint venture will be fixed at 51% and a 49% for Probe and Reliant, respectively, and, thereafter, the parties will be responsible for the costs of maintaining the Property in good standing and funding the joint venture in those percentages. The joint venture is subject to the execution and delivery by the parties of a definitive joint venture agreement by no later than April 4, 2014 and the receipt of all necessary board and regulatory approvals. The joint venture is being entered into as a variation to the existing relationship between Probe and Reliant with respect to the Property under an option agreement made effective as of the 12th day of March, 2012 pursuant to which Probe has an option to acquire up to a 70% interest in the Property.

 

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