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Revival Gold Announces Strategic Placement with EMR Capital and C$24 Million Capital Raise
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO ANY PE...
About this update from Revival Gold Inc
[{"type":"text","content":"Revival Gold Announces Strategic Placement with EMR Capital and C$24 Million Capital Raise\n\n\n\n\n\n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA.\n \n\n\n\n TORONTO, July 10, 2025 (GLOBE NEWSWIRE) --\n \n Revival Gold Inc. (TSXV: RVG)\n \n (“Revival Gold” or the “Company”) is pleased to announce that it has agreed to purchase with EMR Capital Management Limited (“EMR”) pursuant to which EMR has agreed to purchase 28,506,250 common shares of the Company (the “Common Shares”) at a price of C$0.48 per Common Share for gross proceeds of US$10 million (C$13.68 million) (the “EMR Strategic Placement”).\n \n\n EMR is a specialist resources private equity manager and operator with extensive operational experience and a proven track record in successful resource operations, development and investment. EMR’s pro-forma interest in Revival Gold on closing is expected to amount to approximately 10.86% assuming the Concurrent Offering is fully subscribed and there are no other Common Share issuances. In connection with the EMR Strategic Placement, EMR will be granted customary anti-dilution rights to maintain its equity ownership interest and the right to nominate a director to Revival Gold’s Board of Directors pursuant to an investor rights agreement to be entered into between EMR and Revival Gold.\n \n\n “EMR has developed a world class reputation backing proven management teams to deliver value creation in the global mining industry,” said Hugh Agro, President & CEO. “The addition of EMR to Revival Gold’s roster has paved the way to a significant cash injection into the business and secures a strong financial partner with whom the Company can advance towards future gold production,” added Agro.\n \n\n In addition to the EMR Strategic Placement, the Company announces its intention to complete a non-brokered private placement of up to C$10.32 million by the issuance of up to a maximum of 21,493,750 Common Shares at a price of C$0.48 per Common Share (the “Concurrent Offering”).\n \n\n Subject to compliance...