Revolve Announces $2 Million Private Placement of Units

Core Viewpoint - Revolve Renewable Power Corp. has announced a brokered private placement to raise up to $2,000,130 through the issuance of up to 10,527,000 units at a price of $0.19 per unit, with each unit consisting of one common share and one warrant [1][4]. Group 1: Offering Details - The offering includes an option for the agent to sell an additional 1,579,000 units for proceeds of $300,010 [2]. - The units will be offered under exemptions from prospectus requirements in Canada and the U.S. [3]. - The net proceeds will be used for advancing late-stage projects and for working capital [4]. Group 2: Company Overview - Revolve was established in 2012 to meet the growing demand for renewable energy, focusing on utility-scale wind, solar, hydro, and battery storage projects across North America [6]. - The company has developed and sold over 1,550 MW of renewable energy projects to date [6]. - Revolve currently operates 12 MW of assets under long-term power purchase agreements and has a development portfolio exceeding 3,000 MW [7]. Group 3: Future Goals - The company aims to develop 5,000 MW of utility-scale projects in the U.S., Canada, and Mexico while expanding its revenue-generating distributed generation assets [8].