Toronto Stock Exchange: VGVANCOUVER, Aug. 20, 2013 /PRNewswire/ - Veris Gold Corp. ("Veris" or the "Company") (TSX: VG) (OTCQB: YNGFF) (Frankfurt Xetra Exchange: NG6A) is pleased to announce it has issued an additional 900,980 units (the "Units") at a price of Cdn$0.52 per Unit pursuant to the exercise of the over-allotment option by the syndicate of agents (collectively, the "Agents") led by Secutor Capital Management Corporation and including Global Hunter Securities, LLC. After taking into account the over-allotment option, the gross proceeds of its previously announced offering (the "Offering") of Units and flow-through units (the "Flow-Through Units") is approximately $8.5 million. Pursuant to the Offering, the Company issued an aggregate of 9,349,362 Units at a price of Cdn$0.52, with each Unit comprised of one common share of the Company (a "Unit Share") and one half of one common share purchase warrant (each whole warrant, a "Unit Warrant"). Each Unit Warrant has an exercise price of Cdn$0.60 and entitles the holder thereof to acquire one common share of the Company until August 16, 2016. The Company also issued an aggregate of 6,393,310 Flow-Through Units only in Canada at a price of Cdn$0.55, with each Flow-Through Unit comprised of one common share of the Company which qualifies as a "flow-through share" within the meaning of the Income Tax Act ( Canada) (the "Flow-Through Shares") and one half of one common share purchase warrant (each whole warrant, an "FT Unit Warrant"). Each whole FT Unit Warrant has an exercise price of Cdn$0.65 and entitles the holder thereof to acquire one common share of the Company until August 16, 2016. The Company intends to use the net proceeds of the Offering to complete the refurbishment of its Jerritt Canyon mill operations, to complete the development of the underground mine facilities at the Saval 4 Gold Mine, fund bonding related to future reclamation obligations, ensure that debt payments are met and for general working capital purposes. Proceeds from the Flow-Through Units will be used for the funding of exploration activities at the Company's Ketza River property.