Mr. Myke Clark reports
REVOLVE ANNOUNCES UPSIZE OF PRIVATE PLACEMENT
As a result of strong investor demand, Revolve Renewable Power Corp. has increased the size of its previously announced brokered private placement of units. Beacon Securities Ltd. is acting on behalf of the company, on a best effort agency basis, in connection with the offering of up to 15,999,857 units of the company, at a price of 19 cents per unit for aggregate gross proceeds of up to $3,039,973. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share for a period of 24 months following the closing date of the offering at an exercise price of 40 cents.
The units to be issued under the offering will be offered pursuant to applicable exemptions from the prospectus requirements under Canadian securities laws. The units may also be offered in the United States pursuant to available exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended, and in those other jurisdictions outside of Canada and the United States provided it is understood that no prospectus filing or comparable obligation of the company arises in such other jurisdiction.
The net proceeds of the offering are expected to be used for the advancement of late-stage projects in the company's portfolio and for working capital purposes.
The offering is expected to close on or about Nov. 6, 2025. The securities issued pursuant to the offering will be subject to a statutory hold period of four months plus one day from the closing date in accordance with Canadian securities laws. The offering is subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange.
About Revolve Renewable Power Corp.
Revolve was formed in 2012 to capitalize on the growing global demand for renewable power. Revolve develops utility-scale wind, solar, hydro and battery storage projects in the U.S., Canada and Mexico. Revolve also installs and operates sub-20-megawatt behind-the-meter distributed generation assets. Revolve's portfolio includes the following:
- Operating Assets: 12 MW (net) of operating assets under long-term power purchase agreements across Canada and Mexico covering wind, solar, battery storage and hydro generation;
- Development: a diverse portfolio of utility-scale development projects across the U.S., Canada and Mexico with a combined capacity of over 3,000 MWs, as well as a 140-plus-megawatt distributed generation portfolio that is under development.
Revolve has an accomplished management team with a demonstrated record of taking projects from greenfield through to ready-to-build status and concluding project sales to large operators of utility-scale renewable energy projects. To date, Revolve has developed and sold over 1,550 MW of projects.
Going forward, Revolve is targeting 5,000 MW of utility-scale projects under development in the U.S., Canada and Mexico, and in parallel is rapidly growing its portfolio of revenue-generating DG assets.
We seek Safe Harbor.
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