Peterson McVicar acts for Revival Gold in Stock Purchase Agreement and Private Placement
On September 7, 2017 Revival Gold Inc. (the “Company” or “Revival”) announced that it had executed an earn-in and related stock purchase agreement (the “Agreement”) with Meridian Gold Company, a subsidiary of Yamana Gold Inc. whereby Revival may acquire a 100% interest in Meridian Beartrack Co., owner of the Beartrack Gold Project. In connection with the Agreement, Revival has entered into a brokered and non-brokered private placement of approximately 16,000,000 units (“Units”), at a price of C$0.60 per Unit for aggregate gross proceeds of $10,000,000.
Revival intends to use the gross proceeds to fund approximately 11,000 meters of core drilling, geological analysis, metallurgical testing and project management over the next two field seasons at Beartrack.
Revival Gold Inc. (formerly Strata Minerals Inc.) is a growth focused gold exploration and development company, holding interests in Idaho and Utah.
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