Monday, March 23, 2020 10:50:34 AM
To our shareholders:
Reign Sapphire Corporation (Reign) has started 2020 with a significant move into the Australian gold industry. The acquisition of 75% interest inWerribee Downs Gold Project marks the first addition to our portfolio of what we believe is high quality prospective gold tenements in Victoria.
The region where we have commenced exploration planning is ranked #1 in the Fraser Institute's Annual Survey for mining attractiveness, and has a documented history of some of the highest gold yield in the world. The 250km 2 project is situated in the Mount Rothwell area in Victoria, Australia, to the East of the Steiglitz Golfields. Mount Rothwell is 20 km west of Werribee in the Bendigo-Ballarat Gold Province.
We would like to notify shareholders that we have commenced modeling for the exploration project and will be updating shareholders as to further developments.
Its all about share holder value
In the interest of providing maximum shareholder value and harnessing opportunity during these turbulent market times, management is very pleased to update shareholders of our intention to eliminate a significant portion of debt. The company has already reduced debt by more than 30% which will be reflected in the upcoming 10-k. This is only the beginning and we intend to update shareholders on further major debt reductions as they are finalized.
Reign has extensive experience in exploration and mining as well as network of Australian based geologists which will help position us well in the Australian gold sector. Our mission and ultimate goal is to use these resources to provide our shareholders with measured growth in the face of an unstable market.The company is currently assessing other gold projects, and management is in discussions to sign further agreements for additional prospective tenements in the region.
As the CEO of Reign, I am very excited with our plans for 2020 and look forward to updating our shareholders with developments shortly.
Joseph Segelman
CEO & Managing Director
Reign Sapphire Corporation
23 March 2020
https://www.otcmarkets.com/stock/RGNP/news/Reign-shareholder-update?id=256979
$RGNP
Recent SIGY News
- Form 8-K - Current report • Edgar (US Regulatory) • 01/31/2024 09:20:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/30/2024 09:23:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/11/2024 08:25:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/08/2024 07:34:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 07:48:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/26/2023 07:23:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/04/2023 09:10:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/19/2023 07:56:11 PM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM