15:54:19 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



Revolugroup Canada Inc
Symbol REVO
Shares Issued 151,009,939
Close 2020-01-29 C$ 0.13
Market Cap C$ 19,631,292
Recent Sedar+ Documents

Revolugroup closes $1.06-million financing

2020-01-29 08:07 ET - News Release

Mr. Steve Marshall reports

Revolugroup CANADA INC. CLOSES OVERSUBSCRIBED $1.069 MILLION PRIVATE PLACEMENT

Revolugroup Canada Inc. oversubscribed from $1-million to $1,069,400 and closed the non-brokered private placement consisting of 7,129,333 units at a purchase price of 15 cents per unit and raised gross proceeds of $1,069,400. Each unit consists of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at an exercise price of 20 cents for a period of one year from the closing date of the private placement.

The company paid finders' fees totalling $9,198 and issued 61,320 finder warrants to arm's-length parties. Each finder warrant is exercisable at a price of 20 cents per share for a period of one year from the closing date of the private placement.

All securities issued in conjunction with this private placement are subject to a hold period expiring four months plus a day after the date of their issuance.

The company intends to utilize the net proceeds from the private placement to expand its newly incorporated U.S. subsidiary Revolugroup USA Inc., increase marketing of its revenue verticals in 2020 and, for general operating expenses. All securities are subject to a four-month-and-one-day hold period.

A portion of the private placement constitutes a related party transaction within the meaning of Exchange Policy 5.9 and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions adopted in the policy. The company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the private placement.

As of the date hereof, after giving effect to this acquisition, Steve Marshall, CEO of Revolugroup Canada, owns and controls 24,283,333 shares representing 15.36 per cent of the issued and outstanding shares on a non-diluted basis and 27,616,666 shares representing 16.71 per cent of the issued and outstanding on a diluted basis. Prior to the date hereof, Mr. Marshall owned 20,950,000 shares representing 13.1 per cent of the issued and outstanding shares. The units were acquired by Mr. Marshall for investment purposes.

A copy of the early warning report, in connection with the matters set forth above, may be obtained on SEDAR under Revolugroup Canada.

About RevoluPAY

The company's flagship technology is RevoluPAY, the Apple and Android multinational payment app. Built entirely in-house, RevoluPAY features proprietary, sector specific, technology of which, the resulting source code is the property of the company. RevoluPAY's built-in features include: leisure payments, travel payments, retail and hospitality payments, remittance payments, real estate payments, pay-as-you-go phone top-ups, gift cards and on-line credits, utility bill payments. RevoluPAY is powered by blockchain protocols, and, is squarely aimed at the worldwide multibillion-dollar leisure sector and over $595-billion family remittance market.

About Revolugroup Canada Inc.

Revolugroup Canada is a multiasset, multidivisional publicly traded Canadian company deploying advanced technologies in the on-line travel, vacation resort, mobile apps, money remittance, mobile phone top-ups, e-gaming, health care payments, e-sports, invoice factoring, blockchain systems and fintech app sectors.

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