Business
Revival Gold Completes $29 Million Financing Including Strategic Investments by EMR Capital and Dundee Corporation
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About this update from Revival Gold Inc
[{"type":"text","content":"Revival Gold Completes $29 Million Financing Including Strategic Investments by EMR Capital and Dundee Corporation \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 TORONTO, July 31, 2025 (GLOBE NEWSWIRE) --\n \n Revival Gold Inc. (TSXV: RVG)\n \n (“Revival Gold” or the “Company”) is pleased to announce that it has closed its previously announced financing of common shares (the “Common Shares”) for total gross proceeds of approximately C$29.08 million (the “Offerings”).\n \n\n The Offerings were comprised of a strategic non-brokered private placement with EMR Capital Management Limited (“EMR”) pursuant to which EMR subscribed for 32,069,531 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 Placement”), and a concurrent non-brokered private placement of 28,517,502 Common Shares at a price of C$0.48 per Common Share for gross proceeds of C$13.68 million (the “Concurrent Offering”). Dundee Corporation, through its wholly owned subsidiary, Dundee Resources Limited (“Dundee”), exercised its participation right and participated in the Concurrent Offering to maintain its equity ownership in Revival Gold. Upon closing, EMR’s and Dundee’s pro-forma interest in Revival Gold are approximately 11.8% and 5.3% on a non-diluted basis, respectively.\n \n\n “With this financing, we have significantly enhanced our balance sheet while safeguarding the full value of our gold assets for the benefit of Revival Gold’s shareholders. The transaction was structured on terms friendly to our longstanding owners and was achieved without taking on debt, burdening the project with streams or royalties, or compromising the company’s future strategic flexibility,” said Hugh Agro, President & CEO. “We’re pleased to have Dundee continue as a committed shareholder and are excited to welcome EMR as a new strategic equity partner that shares our vision and is aligned with our mission to deliver significant growth and ...