Transactions

Peterson McVicar acts for Revival Gold Inc. in Private Placement and Formation of Strategic Relationship

On October 19, 2017 Revival Gold Inc.  (the “Company” or “Revival”) announced the closing of its private placement financing (the “Private Placement”). The Private Placement consisted of the sale of 15,033,900 units of the Company (“Units”) at a price of $0.60 per Unit for the gross proceeds of $9,020,340.

The Company intends to use the proceeds of the Private Placement to fund exploration activities at the former producing Beartrack Gold Project located in Lemhi County, Idaho.

In connection with the Private Placement, Revival also announced the formation of a strategic relationship (the “Strategic Relationship”) with Orion Mine Finance (“Orion”), and the purchase by Orion of 4,167,000 Units of the Private Placement. Under the terms of the Strategic Relationship, Orion and Revival have agreed to collaborate and enter into good faith negotiations on Revival’s future funding requirements, including acquisition and development financing, equal to or greater than US$25 million.

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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