Business
Revival Gold Announces Adoption of Shareholder Rights Plan and Corporate Update
TORONTO, ON / ACCESS Newswire / May 21, 2026 /Revival Gold Inc. (TSXV:RVG)(OTCQX:RVLGF) ("Revival Gold" or the "Company") announced today that its board of directors (the "Board") has unanimously approved the adoption of a "new generation" shareholder ...
About this update from Revival Gold Inc
TORONTO, ON / ACCESS Newswire / May 21, 2026 / Revival Gold Inc. (TSXV:RVG)(OTCQX:RVLGF) ("Revival Gold" or the "Company") announced today that its board of directors (the "Board") has unanimously approved the adoption of a "new generation" shareholder rights plan (the "Rights Plan") pursuant to a shareholder rights plan agreement entered into with Computershare Investor Services Inc., as rights agent, dated May 21, 2026 (the "Effective Date"). In alignment with good governance practices, the Rights Plan is being adopted to help ensure that all shareholders of the Company are treated fairly and equally in the event of any unsolicited take-over bid or other acquisition of control of the Company (including by way of a "creeping take-over bid"), allowing the Board time and opportunity to identify, solicit and develop potential alternatives to any unsolicited take-over bids or similar transactions. The Rights Plan also may prevent a potential acquirer from entering into lock-up agreements with existing shareholders prior to launching a take-over bid, except for permitted lock-up agreements as specified in the Rights Plan. The Rights Plan is not being adopted in response to any formal proposal or intention to acquire control of the Company, nor is the Board aware of any pending or threatened take-over bid for the Company. As a result, the Board of Directors has determined that it is advisable and in the best interests of the Company and its shareholders that the Company has in place a shareholder rights plan in the form of the Rights Plan. The Rights Plan Pursuant to the Rights Plan, 12:01 a.m. on the Effective Date (the "Record Time") one right (a "Right") was attached to each common share of the Company outstanding as of the Effective Date under the Rights Plan. A right will also be attached to each common share issued after the Record Time in accordance with the terms of the Rights Plan. The issuance of Rights will not change the manner in which shareholders may trade their common shares and the rights will automatically attach to the common shares with no further action by shareholders being required. Subject to the terms of the Rights Plan, the Rights become exercisable if a person (an "Acquiring Person"), together with certain related persons (including pe...