Sunday, November 18, 2007 10:34:19 PM
Reno Gold Corp. Reports on Recent Meetings in Toronto
Tuesday October 30, 2:15 pm ET
VAUGHAN, ON--(MARKET WIRE)--Oct 30, 2007 -- Reno Gold Corp. (Other OTC:RNGG.PK - News) is pleased to report that it held numerous meetings in Toronto with investment bankers and fund managers in Toronto last week.
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Paul Diana, President and CEO of Reno Gold Corp., announced, "We held a number of meetings with investment bankers last week in Toronto. The company was well received and a number of funds expressed interest in the company and the Good Hope project in Nevada. The property in Nevada is in an area which has over 100 million ounces of gold reserves."
"Reno Gold Corp. is a Nevada gold play. The investment bankers in Toronto are well aware of all the players who are next to the Good Hope property and they recognized our small market cap gives our shares significant upside," said Mr. Diana. "The company was referred to other investment banking contacts in New York City. We anticipate going to New York City in late November. Our intention is to close a financing with some of these contacts by the end of November. Once we get the financing in place we will accelerate our drill program and maximize the value of our Good Hope property. The company was also offered other interesting properties in Nevada. This could be a very interesting two months for our shareholders."
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