- Revival Gold (RVG) will issue up to 15,000,000 units at $0.65 per unit for gross proceeds of up to $9,750,000
- Revival may offer up to an additional 3,000,000 units for potential gross proceeds of up to $11,700,000
- The offering is expected on or about January 25th, 2022
- Net proceeds of the financing will be used for further exploration and development of the Beartrack-Arnett Gold Project
- Revival Gold is a growth-focused gold exploration and development company operating out of the U.S.
- Revival Gold (RVG) opened trading at C$0.64 per share
Revival Gold (RVG) has announced a non-brokered private placement for gross proceeds of up to $9,750,000.
The company will issue up to 15,000,000 units at $0.65 per unit. Each unit will consist of one common share and one half of one common share purchase warrant. Each whole warrant is exercisable into one common share at a price of $0.90 at any time for a period of twenty-four months following the closing of the financing.
“With this financing we are very pleased to welcome deep value institutional investor, Donald Smith Value Fund, LP, as a new cornerstone shareholder and position Revival Gold for the company’s next phase of growth,” said Hugh Agro, President & CEO.
The financing will include an over-allotment option under which the Revival may offer up to an additional 3,000,000 units at any time up to the closing of the financing. If the over-allotment option is fully exercised, the total gross proceeds of the financing would be approximately $11,700,000.
The offering is expected on or about January 25th, 2022.
Net proceeds of the financing will be used for further exploration and development of the Beartrack-Arnett Gold Project and for general corporate purposes.
All securities issued will be subject to a statutory four-month hold period. The offering is subject to the approval of the TSXV.
Revival Gold is a growth-focused gold exploration and development company operating out of the U.S.
Revival Gold (RVG) opened trading at C$0.64 per share.