Revival Gold Announces Dundee Corporation Exercise of Participation Right, Upsize of Financing to a Total of $29 Million

Core Viewpoint - Revival Gold Inc. has announced an upsized non-brokered private placement to raise up to C$13.68 million through the issuance of common shares at a price of C$0.48 per share, primarily to accommodate Dundee Corporation's participation [1][2]. Group 1: Offering Details - The Concurrent Offering will issue up to 28,517,502 common shares at C$0.48 each, with total gross proceeds expected to reach approximately C$29.08 million when combined with the EMR Strategic Placement [1][2]. - EMR Capital Management Limited will purchase 32,069,531 common shares at the same price, contributing gross proceeds of US$11.3 million (C$15.4 million) [2]. - The Common Shares offered will be available to purchasers in Canada (except Quebec) and may also be issued to purchasers outside Canada, including the United States, under applicable regulatory requirements [4]. Group 2: Use of Proceeds - The net proceeds from both the EMR Strategic Placement and the Concurrent Offering will be utilized to advance the exploration and development of the Mercur and Beartrack-Arnett projects, as well as for general working capital and corporate purposes [5]. Group 3: Ownership Interests - Upon closing, EMR's and Dundee's pro-forma interests in Revival Gold are expected to be approximately 11.8% and 5.3% on a non-diluted basis, respectively, assuming full subscription of the Concurrent Offering [3]. Group 4: Regulatory and Closing Conditions - The offerings are subject to customary closing conditions, including necessary regulatory approvals, with expected closing on or about July 29, 2025 [7]. - The Common Shares issued under the EMR Strategic Placement will be subject to a 4-month and one-day hold period under Canadian securities laws [5]. Group 5: Company Overview - Revival Gold is a prominent gold mine developer in the United States, focusing on the Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho [11]. - The company is listed on the TSX Venture Exchange under the ticker symbol "RVG" and trades on the OTCQX Market under "RVLGF" [11].