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REVIVAL GOLD ANNOUNCES BROKERED PRIVATE PLACEMENT
REVIVAL GOLD ANNOUNCES BROKERED PRIVATE PLACEMENT Canada NewsWire /NOT FOR DIST...
About this update from Revival Gold Inc
[{"type":"text","content":"\n \n \n \n REVIVAL GOLD ANNOUNCES BROKERED PRIVATE PLACEMENT\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n TORONTO\n \n \n ,\n \n \n May 8, 2023\n \n \n /CNW/ -\n \n Revival Gold Inc.\n \n (TSXV: RVG) (\"\n \n Revival Gold\n \n \" or the \"\n \n Company\n \n \"), is pleased to announce that it has entered into an agreement with Beacon Securities Limited and Paradigm Capital Inc. (the \"\n \n Agents\n \n \") to act as co-lead agents and joint bookrunners in connection with a \"best efforts\" private placement of a minimum of 9,616,000 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n C$0.52\n \n per Unit (the \"\n \n Issue Price\n \n \") for minimum gross proceeds to the Company of approximately\n \n C$5 million\n \n and a maximum of up to 11,846,153 Units for maximum gross proceeds of up to\n \n C$6.16 million\n \n (the \"\n \n Offering\n \n \"), representing the  maximum amount that may be issued under Part 5A (the \"\n \n Listed Issuer Financing Exemption\n \n \") of National Instrument 45-106 –\n \n Prospectus Exemptions\n \n (\"\n \n NI 45-106\n \n \").\n \n \n Each Unit will be comprised of one common share of the Company (each, a \"\n \n Common Share\n \n \") and one-half of one Common Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder thereof to acquire one Common Share (a \"\n \n Warrant Share\n \n \") at an exercise price of\n \n C$0.72\n \n per Warrant Share at any time for a period of thirty-six (36) months following the closing of the Offering.\n \n \n The Company intends to use the net proceeds of the Offering to fund on-going exploration and development at the Company's core Beartrack-Arnett Gold Project (\"\n \n Beartrack-Arnett\n \n \") located in\n \n Lemhi County, Idaho\n \n and for general corporate and working capital purposes.\n \n \n \"We are pleas...