Revival Gold Announces CAD$3.2 Million Private Placement with Dundee Corporation
Toronto, Canada, February 19, 2025 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (the “Company” or “Revival Gold”), a gold exploration and development company, is thrilled to share that it has entered into a non-brokered agreement with Dundee Corporation (TSX: DC.A), through its wholly owned subsidiary, Dundee Resources Limited (“Dundee”). Under the terms of the agreement, Dundee has agreed to purchase 10,000,000 Units of the Company at a price of CAD$0.32 per Unit, for an aggregate gross proceeds of CAD$3,200,000 (the “Placement”).
Details of the Private Placement
Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of CAD$0.45 for a period of 24 months from the closing date of the Placement.
Impact on Revival Gold
This private placement represents a significant investment in Revival Gold, which will enable the Company to advance its exploration and development activities. The funds raised through this investment will be used for exploration drilling, permitting, and other general working capital purposes.
Impact on Investors
The private placement is expected to augment the Company’s financial position, potentially leading to increased investor confidence. With the injection of fresh capital, Revival Gold may be able to accelerate its exploration activities, potentially leading to new discoveries and increased shareholder value. Additionally, the presence of a strategic investor like Dundee Corporation may lead to potential synergies and collaborations, further benefiting the Company.
Impact on the Mining Industry and the World
The mining industry, and specifically the gold sector, continues to be a significant contributor to the global economy. With investments like the one made by Dundee Corporation in Revival Gold, the sector may continue to experience growth and innovation. This investment could lead to the discovery of new mineral resources, the creation of jobs, and the generation of economic opportunities in the regions where the Company operates.
Conclusion
The private placement agreement between Revival Gold and Dundee Corporation represents a strategic investment that will support the Company’s exploration and development efforts. This investment is expected to lead to increased investor confidence and the potential for new discoveries, benefiting both the Company and its shareholders. Furthermore, the mining industry as a whole may continue to experience growth and innovation as a result of investments like this one.
- Revival Gold announces CAD$3.2 million private placement with Dundee Corporation
- Dundee to purchase 10,000,000 Units at CAD$0.32 per Unit
- Funds to be used for exploration drilling, permitting, and working capital
- Potential for increased investor confidence and new discoveries
- Contribution to the mining industry and the global economy
