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Revival Gold Announces Upsize of Financing for a Total of $27 Million
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About this update from Revival Gold Inc
[{"type":"text","content":"Revival Gold Announces Upsize of Financing for a Total of $27 Million\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 14, 2025 (GLOBE NEWSWIRE) --\n \n Revival Gold Inc. (TSXV: RVG)\n \n (“Revival Gold” or the “Company”) is pleased to announce that, further to the Company’s press release dated July 10, 2025, EMR Capital Management Limited (“EMR”) has agreed to upsize its previously announced strategic placement. EMR will now purchase 32,069,531 common shares of the Company (the “Common Shares”) at a price of C$0.48 per Common Share for gross proceeds of US$11.3 million (C$15.4 million) (the “EMR Strategic Placement”).\n \n\n EMR’s pro-forma interest in Revival Gold on closing is expected to amount to approximately 12.00% assuming the Concurrent Offering (as defined below) 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 “Revival Gold’s non-brokered placement announced at the end of last week attracted significant demand”, said Hugh Agro, President & CEO. “On agreement with EMR we have upsized the total raise to accommodate some of this excess interest and to position ourselves to further advance the Company’s projects and plans”, added Agro.\n \n\n In addition to the EMR Strategic Placement, the Company announces the upsize of its previously announced non-brokered private placement of up to C$11.6 million by the issuance of up to 24,180,469 Common Shares at a price of C$0.48 per Common Share (the “Concurrent Offering”).\n \n\n Subject to compliance with applicable regulatory requirements and in accordance with Part 5A of National Instrument 45-106 –\n \n Prospectus Exemptions\n \n (“NI 45-106” and with P...