Revival Gold Announces Increase to Previously Announced Bought Deal Financing to $13 Million
On July 21, 2020 Revival Gold Inc.(“Revival Gold” or the “Company”) announced that, due to strong demand, the Company has increased the size of its previously announced public offering to 11,900,000 units (the “Units”) at a price of C$1.10 per Unit for aggregate gross proceeds of approximately C$13 million (the “Offering”).
The net proceeds of the offering will be used to fund on-going exploration and development at the Company’s core Beartrack-Arnett Gold Project (“Beartrack-Arnett”) located in Lemhi County, Idaho 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 neighboring Arnett Gold Project.
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