Revival Gold Announces Upsize of Financing for a Total of $27 Million

Core Viewpoint - Revival Gold Inc. has announced an upsized strategic placement with EMR Capital Management Limited, raising gross proceeds of US$11.3 million (C$15.4 million) through the sale of 32,069,531 common shares at a price of C$0.48 per share [1][2][3]. Group 1: Strategic Placement Details - EMR's pro-forma interest in Revival Gold is expected to be approximately 12.00% upon closing, assuming full subscription of the Concurrent Offering [2]. - The EMR Strategic Placement includes customary anti-dilution rights and the right to nominate a director to the Board of Directors [2]. - The total raise has been upsized to accommodate significant demand, allowing the company to advance its projects and plans [3]. Group 2: Concurrent Offering - The company has also upsized its non-brokered private placement to up to C$11.6 million, issuing up to 24,180,469 common shares at the same price of C$0.48 per share [4]. - The Common Shares under the Concurrent Offering will be offered to purchasers in Canada (except Quebec) and may also be issued to purchasers outside Canada, including the United States, under applicable regulatory requirements [5]. Group 3: Use of Proceeds - The net proceeds from both the EMR Strategic Placement and the Concurrent Offering will be utilized for the ongoing exploration and development of the Mercur and Beartrack-Arnett projects, as well as for general working capital and corporate purposes [6]. Group 4: Closing Conditions - The EMR Strategic Placement and the Concurrent Offering are subject to customary closing conditions, including necessary regulatory approvals, with expected closing around July 29, 2025 [8].