VANCOUVER, BRITISH COLUMBIA – 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.
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
604 685-3765 (FAX)