- Revival Gold (RVG) issued 15,500,000 units at $0.65 per unit for aggregate gross proceeds of $10,075,000.00
- Donald Smith Value Fund, L.P. acquired 7,500,000 units representing 7,500,000 common shares and 3,750,000 warrants
- Net proceeds of the financing will be used for further exploration and development of the Beartrack-Arnett Gold Project
- Revival Gold is a growth-focused gold exploration and development company operating out of the U.S.
- Revival Gold (RVG) opened trading at C$0.65 per share
Revival Gold (RVG) has closed its previously announced non-brokered private placement for aggregate gross proceeds of $10,075,000.00.
The company issued 15,500,000 units at a price of $0.65 per unit. Each unit consists of one common share and one half of one share purchase warrant. Each whole warrant is exercisable into one common share at a price of $0.90 at any time for a period of twenty-four months following the closing of the financing.
Hugh Agro, President & CEO of Revival Gold, commented on the placement.
“We welcome Donald Smith Value Fund, LP, as a significant new shareholder in the company. Donald Smith’s investment is a strong endorsement of Revival Gold’s technical team and the exciting potential at our flagship Beartrack-Arnett Gold Project, located in Idaho.”
Donald Smith Value Fund, L.P. acquired 7,500,000 units representing 7,500,000 common shares and 3,750,000 warrants.
Net proceeds of the financing will be used for further exploration and development of the Beartrack-Arnett Gold Project and for general corporate purposes.
All securities issued will be subject to a statutory four-month hold period.
Revival Gold is a growth-focused gold exploration and development company operating out of the U.S.
Revival Gold (RVG) opened trading at C$0.65 per share.
