VANCOUVER, BRITISH COLUMBIA – May 28, 2013 – La Ronge Gold Corp. (TSX VENTURE:LAR) (the “Company”) is pleased to announce the closing of the private placement (the “Offering”) announced on April 8, 2013 and updated on April 26, 2013. Pursuant to the Offering, the Company has issued 1,775,000 flow-through common shares at a price of $0.20 per share for gross proceeds of $355,000.
The proceeds of the placement will be used by the Company to incur eligible Canadian Exploration Expenses, as defined by the Income Tax Act (Canada).
In connection with the closing, the Company paid finder’s fees consisting of cash in the amount of $2,450 and finder’s warrants exercisable to acquire up to 12,250 common shares of the Company at a price of $0.25 per share for a period of 18 months.
The securities sold pursuant to the Offering are subject to a four month hold period, expiring on September 29, 2013.
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.
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 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.
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.
La Ronge Gold Corp.
Rasool Mohammad, B.Sc. (Mining)
President & CEO