Core Points - REV Exploration Corp. has entered into a mineral property purchase agreement to acquire a 100% interest in certain mineral claims in Ontario and Quebec [1][2] - The company will issue 500,000 common shares as consideration for the property, which will be subject to a four-month hold period [2][3] - The property is subject to a 1.5% net smelter returns royalty, calculated on the net proceeds from mineral sales after deductions [3] Agreement Details - The closing of the agreement is contingent upon customary conditions, including regulatory approvals and acceptance by the TSX Venture Exchange [3] - The company has also granted 600,000 incentive stock options and 150,000 restricted share units to directors and consultants [4][5] - Each option is exercisable at a price of C$0.40 for five years, while RSUs will vest in three equal tranches over three years [5][6] Company Overview - REV Exploration Corp. is focused on mineral exploration, owning gold and battery metal properties in Quebec, and has exposure to the Natural Hydrogen sector in Alberta and Saskatchewan [7] - The company has acquired PNG leases along the Alberta-Montana border, including the drill-ready Aden Dome, and holds a significant equity position in MAX Power Mining Corp. [7]