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Revival Gold Inc
Symbol RVG
Shares Issued 55,564,021
Close 2020-07-20 C$ 1.30
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Revival Gold arranges $10-million bought deal offering

2020-07-20 15:46 ET - News Release

Mr. Hugh Agro reports

REVIVAL GOLD ANNOUNCES C$10 MILLION BOUGHT DEAL FINANCING

Revival Gold Inc. has entered into an agreement with BMO Capital Markets, under which BMO has agreed to buy on a bought deal basis 9.1 million units at a price of $1.10 per unit for gross proceeds of approximately $10-million. Each unit consists of one common share of Revival Gold and one-half of one common share purchase warrant of Revival Gold. Each full warrant will entitle the holder thereof to purchase one common share of the company at a price of $1.60 per common share, for a period of 18 months following the closing date. The company has granted the underwriter an option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to an additional 15 per cent of the offering to cover overallotments, if any. The underwriter can elect to exercise the overallotment option for units only, common shares only, or warrants only, or any combination thereof. The offering is expected to close on or about Aug. 6, 2020, and is subject to Revival Gold receiving all necessary regulatory approvals.

The net proceeds of the offering will be used to finance continuing exploration and development at the company's core Beartrack-Arnett gold project located in Lemhi county, Idaho, and for general corporate purposes.

The units will be offered by way of a short-form prospectus in all provinces of Canada, excluding Quebec, and may also be offered by way of private placement in the United States.

About Revival Gold Inc.

Revival Gold is a growth-focused gold exploration and development company. The company has the right to acquire a 100-per-cent interest in Meridian Beartrack Co., owner of the former-producing Beartrack gold project located in Lemhi county, Idaho.

We seek Safe Harbor.

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