Peterson McVicar acts for Revival Gold in $5 Million Private Placement
On April 4, 2019 Revival Gold Inc. (“Revival Gold” or the “Company”) announced that it had closed its brokered private placement of units of the Company (“Units”) at a price of $0.73 per Unit for gross proceed of $5,040,000 (the “Private Placement”). Each Unit consists of one Common share (“Share”) and one half of a Share purchase Warrant (each a “Warrant”). Each whole Warrant is exercisable into one Share at a price of $0.90 per Share for 36 months following close of the Private Placement.
The Company intends to use the net proceeds from the Private Placement to fund on-going exploration and development at the Company’s core Beartrack and Arnett Gold projects and for general corporate purposes.
Revival Gold Inc. is a growth-focused gold exploration and development company. The Company has the right to acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County, Idaho. Revival Gold also owns rights to a 100% interest in the neighbouring Arnett Gold Project.
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