Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF)
("Revival Gold" or the "Company") is pleased to announce that it
has closed a non-brokered private placement for total gross
proceeds of C$3,680,000 (the “Placement”), as previously announced
on February 19th, 2025. The Placement consisted of the issuance of
11,500,000 units of the Company (the “Units”) at a price of C$0.32
per Unit, which includes the exercise of the entire 15% upsize
option.
Dundee Corporation (TSX: DC.A) through its
wholly owned subsidiary, Dundee Resources Limited (“Dundee”),
acquired 10,000,000 Units for gross proceeds of C$3,200,000. Dundee
is a TSX-listed mineral exploration and development investment
corporation. Revival Gold has granted Dundee a first right of
refusal to maintain its equity ownership interest in the Company
through the right to participate in equity financings for a term of
six months following the close of the Placement.
Each Unit consists of one common share of the
Company (a "Common Share") and one-half of one common share
purchase warrant (each whole warrant, a "Warrant"). Each Warrant
entitles the holder thereof to acquire one Common Share of the
Company (a “Warrant Share”) at an exercise price of C$0.45 per
Warrant Share for a period of twenty-four (24) months from the date
of issuance.
Proceeds from the Placement are expected to be
used to advance Revival Gold's ongoing project development
activities and for general working capital and corporate purposes.
All securities issued under the Placement are subject to a
statutory four month and one-day hold period. In connection with
the Placement, the Company paid an aggregate of C$175,000 in
advisory fees to Paradigm Capital Inc., BMO Capital Markets and
Beacon Securities Limited. The Placement is subject to the final
approval of the TSX Venture Exchange.
This press release does not constitute an offer
to sell or a solicitation of an offer to buy any securities in the
United States. The securities described herein have not been and
will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act"), or any state
securities laws and may not be offered or sold in the United States
absent registration or an applicable exemption from such
registration requirements.
About Revival Gold
Revival Gold is one of the largest, pure gold,
mine developers in the United States. The Company is advancing
engineering and economic studies on the Mercur Gold Project in Utah
and mine permitting preparations and ongoing exploration at the
Beartrack-Arnett Gold Project located in Idaho. Revival Gold is
listed on the TSX Venture Exchange under the ticker symbol “RVG”
and trades on the OTCQX Market under the ticker symbol “RVLGF”. The
Company is headquartered in Toronto, Canada, with its exploration
and development office located in Salmon, Idaho.
About Dundee Corporation
Dundee Corporation is a public Canadian
independent holding company, listed on the Toronto Stock Exchange
under the symbol “DC.A”. Through its operating subsidiaries, Dundee
Corporation is an active investor focused on delivering long-term,
sustainable value as a trusted partner in the mining sector with
more than 30 years of experience making accretive mining
investments.
For further information, please contact:
Hugh Agro, President
& CEO or Lisa Ross, CFOTelephone: (416) 366-4100 or Email:
info@revival-gold.com
Cautionary Statement
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation and "forward-looking statements" within the meaning of
the U.S. Private Securities Litigation Reform Act of 1995
(collectively, "forward-looking statements"). Forward-looking
statements are not comprised of historical facts. Forward-looking
statements include estimates and statements that describe the
Company’s future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or
result to occur. Forward-looking statements may be identified by
such terms as “believes”, “anticipates”, “expects”, “estimates”,
“may”, “could”, “would”, “will”, or “plan”. Since forward-looking
statements are based on assumptions and address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. Although these statements are based on information
currently available to the Company, the Company provides no
assurance that actual results will meet management’s expectations.
Risks, uncertainties, and other factors involved with
forward-looking statements could cause actual events, results,
performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Forward-looking statements in this news release
include, but are not limited to, the expected use of proceeds from
the Placement, the Company’s objectives, goals and future plans,
the receipt of necessary regulatory approvals, the development of
the Company's projects, and the potential production estimates for
the projects. Forward-looking statements are based on certain
assumptions, including assumptions that the Placement will be
completed on the terms described herein, that all necessary
regulatory approvals will be obtained in a timely manner, that the
Company will successfully apply the proceeds of the Placement as
intended, and that the Company's projects will advance as
anticipated. Although Revival Gold believes that the assumptions
and expectations reflected in such forward-looking statements are
reasonable, undue reliance should not be placed on forward-looking
statements, which are inherently subject to significant business,
economic, and competitive risks, uncertainties, and contingencies.
Forward-looking statements are subject to various known and unknown
risks and uncertainties, including that the proceeds of the
Placement will not be used as anticipated, that the Company's
projects will not proceed as expected, changes in commodity prices,
investor sentiment and market conditions as observed in historical
transactions, and other risks and uncertainties disclosed in the
Company’s public filings with Canadian securities regulators,
including its most recent annual information form and management’s
discussion and analysis, available at www.sedarplus.ca. The
forward-looking statements contained in this press release are made
as of the date of this press release. Except as required by law,
the Company disclaims any intention and assumes no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Additionally, the Company undertakes no obligation to comment on
the expectations of, or statements made by, third parties in
respect of the matters discussed above.
Grafico Azioni Dundee (TSX:DC.A)
Storico
Da Feb 2025 a Mar 2025
Grafico Azioni Dundee (TSX:DC.A)
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Da Mar 2024 a Mar 2025