Mr. Hugh Agro reports
REVIVAL GOLD ANNOUNCES INCREASE TO
PREVIOUSLY ANNOUNCED BOUGHT DEAL FINANCING TO C$13 MILLION
Due to strong demand, Revival Gold Inc. has increased the size of its previously announced public
offering to 11.9 million units at a price of $1.10 per unit for aggregate gross proceeds
of approximately $13-million. The offering was led by BMO Capital Markets as
sole underwriter. 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, 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. Revival Gold also owns rights to a 100-per-cent
interest in the neighbouring Arnett gold project.
We seek Safe Harbor.
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