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Revival Gold Announces Closing of $33 Million Brokered Private Placement
TORONTO, ON / ACCESS Newswire / May 6, 2026 / Revival Gold Inc. (TSXV:RVG) ("Revival Gold" or the "Company") is pleased to announce that it has closed its
About this update from Revival Gold Inc
[{"type":"text","content":" TORONTO, ON / ACCESS Newswire / May 6, 2026 / Revival Gold Inc. (TSXV:RVG) (\"Revival Gold\" or the \"Company\") is pleased to announce that it has closed its previously announced brokered private placement for total gross proceeds of $33,001,250 (the \"Offering\"). The Offering consisted of the issuance of an aggregate of 38,825,000 common shares of the Company (each, a \"Common Share\") at a price of C$0.85 per Common Share, such aggregate amount being inclusive of the exercise in full of the option granted to the Agents. The Offering was led by Paradigm Capital Inc. as lead agent and sole bookrunner, on behalf of a syndicate of agents which included BMO Capital Markets Inc., Beacon Securities Limited, Velocity Trade Capital Inc., and Canaccord Genuity Corp. (collectively, the \"Agents\"). \"There was strong demand from current and new shareholders, including strategic shareholder EMR Capital Management, demonstrating the unique value proposition of Revival Gold. Revival Gold is now funded to advance the Mercur gold project to a potential construction decision in less than two years. Drills are turning and work is ongoing to complete the Mercur Preliminary Feasibility Study as planned for release in Q1 2027\", said Hugh Agro, President & CEO. Mr. Agro continued, \"The financing will also fuel drilling at Revival Gold's Beartrack-Arnett gold project in Idaho, where two rigs continue to turn targeting expansion of the high-grade Joss area. Our team is growing and we are excited to strive to deliver on our vision of reviving domestic U.S. gold producers.\" The Company intends to use the net proceeds from the Offering to advance Revival Gold's ongoing exploration and development of its Mercur and Beartrack-Arnett projects and for general working capital and corporate purposes. 12,700,600 Common Shares issued under the Offering were sold to purchasers resident in certain Provinces of Canada pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (together, the \"Listed Issuer Financing Exemption\"). The remaining 26,124,400 Common Shares issued under the Offering were sold to purchasers outside of Canada pursuant to applicable regulatory requ...