Paradigm Capital Inc. and Medalist Capital Ltd. will act as co-lead agents on behalf of a syndicate of agents including Echelon Wealth Partners Inc., PI Financial Corp. and Beacon Securities Limited
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REVIVAL GOLD ANNOUNCES $5 MILLION
BROKERED PRIVATE PLACEMENT
NOT FOR DISTRIBUION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, ON – February 12, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold”
or the "Company"), a growth -focused gold exploration and development company, announces
that it intends to raise C$5 million via a brokered private placement.
Paradigm Capital Inc. and Medalist Capital Ltd. will act as co-lead agents on behalf of a syndicate
of agents including Echelon Wealth Partners Inc., PI Financial Corp. and Beacon Securities Limited
(the “Agents”) to complete a brokered private placement of 7,000,000 common shares (the
“Common Shares”) of the Company at a price of C$ 0.72 per Common Share for gross proceeds
of C$5 million (the “Private Placement”).
The Private Placement is subject to regulatory approval and all securities issued pursuant to the
Private Placement will have a hold period of four months and one day.
The Company intends to use the net proceeds from the Private Placement to fund on-going
exploration and development at the Company’s core Beartrack and Arnett Gold projects and for
general corporate purposes.
The securities have not been, and will not be, registered under the Unites States Securities Act
of 1933, as amended (the “U. S. Securities Act”), or any U.S. state security laws, and may not be
offered or sold in the Unites States without registration under the U.S. Securities Act and all
applicable state securities laws or compliance with requirements of an applicable exemption
therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to
buy securities in the Unites States, nor shall there be any sale of these securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful.
About Revival Gold Inc.
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 neighbouring Arnett Gold Project.
In addition to its interests in Beartrack and Arnett, the Company is pursuing other gold
exploration and development opportunities and holds a 51% interest in the Diamond Mountain
Phosphate Project located in Uintah County, Utah.
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Revival Gold has approximately 42 million shares outstanding . Additional disclosure of the
Company’s financial statements, technical reports, material change reports, news releases and
other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.
For further information, please visit www.revival-gold.com or contact:
Adam Rochacewich, VP and Chief Financial Officer
Andrea Totino, Investor Relations Manager
Telephone: (416) 366-4100
Email: [email protected]
Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
This News Release includes certain "forward -looking statements" which are not comprised of
historical facts. Forward-looking statements include estimates and statements that describe the
Company’s future plans, objectives or goals, including words to the effect that the Company or
management expects a stated condition or result to occur. Forward -looking statements may be
identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”,
“would”, “will”, or “plan”. Since forward -looking statements are based on assumptions and
address future events and conditions, by their very nature they involve inherent risks and
uncertainties. Although these statements are based on information currently available to the
Company, the Company provides no assurance that actual results will meet management’s
expectations. Risks, uncertainties and other factors involved with forward -looking information
could cause actual events, results, performance, prospects and opportunities to differ materially
from those expressed or implied by such forward -looking information. Forward looking
information in this news release includes, but is not limited to, the Company’s objectives, goals
or future plans, statements, completion of the Private Placement, exploration results, potential
mineralization, the estimation of mineral resources, exploration and mine development plans,
timing of the commencement of operations and estimates of market conditions. Factors that
could cause actual results to differ materially from such forward-looking information include, but
are not limited to the inability to complete the Private Placement on the terms as announced or
at all, failure to identify mineral resources, failure to co nvert estimated mineral resources to
reserves, the inability to complete a feasibility study which recommends a production decision,
the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain
required governmental, envi ronmental or other project approvals, political risks, uncertainties
relating to the availability and costs of financing needed in the future, changes in equity markets,
inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development
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of projects, capital, operating and reclamation costs varying significantly from estimates and the
other risks involved in the mineral exploration and development industry, and those risks set out
in the Company’s public documents filed on SEDA R. Although the Company believes that the
assumptions and factors used in preparing the forward -looking information in this news release
are reasonable, undue reliance should not be placed on such information, which only applies as
of the date of this news release, and no assurance can be given that such events will occur in the
disclosed time frames or at all. The Company disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new information, future events or
otherwise, other than as required by law.