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 a total of US$11.3 million (C$15.4 million) through the sale of 32,069,531 common shares at 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 [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 and may also be issued to purchasers outside Canada, including the United States, under applicable regulations [5] Group 3: Use of Proceeds - Net proceeds from both the EMR Strategic Placement and the Concurrent Offering will be used to advance the ongoing exploration and development of the Mercur and Beartrack-Arnett projects, as well as for general working capital [6] Group 4: Closing Conditions - The EMR Strategic Placement and Concurrent Offering are subject to customary closing conditions, including necessary regulatory approvals, with expected closing around July 29, 2025 [8]