Revival Gold Completes $29 Million Financing Including Strategic Investments by EMR Capital and Dundee Corporation

Core Viewpoint - Revival Gold Inc. has successfully closed a financing round, raising approximately C$29.08 million through the issuance of common shares, enhancing its balance sheet and supporting its gold asset value for shareholders [1][3]. Financing Details - The financing consisted of a strategic non-brokered private placement with EMR Capital Management Limited, which subscribed for 32,069,531 common shares at C$0.48 per share, totaling gross proceeds of approximately US$11.3 million (C$15.4 million) [2]. - A concurrent non-brokered private placement involved the issuance of 28,517,502 common shares at the same price, generating gross proceeds of C$13.68 million [2]. - Post-financing, EMR and Dundee Corporation hold approximately 11.8% and 5.3% ownership in Revival Gold, respectively [2]. Strategic Implications - The financing was structured to be favorable to existing shareholders, avoiding debt and not compromising future strategic flexibility [3]. - EMR has been granted the right to nominate one director to the board and has customary anti-dilution rights [4]. Leadership Changes - Tony Manini, a geologist with over 35 years of experience, has been appointed as a director following EMR's investment, while former director Norm Pitcher transitions to a senior advisory role [5][6][7]. Use of Proceeds - The net proceeds from the offerings will be allocated to advancing the exploration and development of the Mercur and Beartrack-Arnett projects, as well as for general working capital and corporate purposes [9]. Regulatory Compliance - The common shares issued under the concurrent offering are exempt from hold periods under applicable Canadian securities laws, while those from the EMR placement are subject to a 4-month and one-day hold period [8][9].