LOS ANGELES, CA, March 12, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reign Sapphire Corporation (OTCPK: RGNP) (“Reign”) is delighted to announce that the company has signed a farm-in and joint venture agreement to acquire 75% of the Werribee Downs Gold Project EL006892 in Victoria, Australia.
The 250km2 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.
About Reign Sapphire Corp
Reign Sapphire Corp. (OTCPK: RGNP) is a Los Angeles-based company selling ethically produced sapphires. For more information, visit www.ReignSC.com
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of the U.S. federal securities laws, which statements may include information regarding the plans, intentions, expectations, future financial performance, or future operating performance of Reign Sapphire Corporation ("Reign" or the "Company"). Forward-looking statements are based on the expectations, estimates, or projections of the Company's management as of the date of this press release. Although Reign's management believes these expectations, estimates, or projections to be reasonable as of the date of this presentation, forward-looking statements are inherently subject to significant business risks, economic and competitive uncertainties, or other contingencies, which could cause the Company's actual results or performance to differ materially from what may be expressed or implied in the forward-looking statements. Important factors that could cause Reign's actual results or performance to differ materially from the forward-looking statements include those set forth in the "Risk Factors" sections in the Company's filings with the Securities and Exchange Commission, including the risks set forth in the company's Annual Report on Form 10-K for the year ended December 31, 2018 which is available for viewing on the SEC's EDGAR website. These forward-looking statements speak only as of the date of this press release and, except as required by law, Reign specifically disclaims any obligation to update these forward-looking statements, even if new information becomes available in the future.
Contact:
Reign Sapphire Corporation
213 457 3772
info@reignsc.com