Paradigm Capital Inc. and Medalist Capital Ltd. will act as co-lead agents on behalf of a syndicate
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REVIVAL GOLD AMENDS BROKERED PRIVATE PLACEMENT
NOT FOR DISTRIBUION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, ON – March 13, 2019 – Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold”
or the "Company"), a growth -focused gold exploration and development company, announces
amended terms to the brokered private placement disclosed in a press release dated February
12, 2019.
Paradigm Capital Inc. and Medalist Capital Ltd. will act as co-lead agents on behalf of a syndicate
of agents including PI Financial Corp. and Beacon Securities Limited to complete a brokered
private placement of 7,000,000 units (each a “Unit”) at a price of C$0.72 per Unit for gross
proceeds of C$ 5 million (the “Amended Private Placement”). Each Unit will consist of one
common share of the Company (a “Common Share”) and one -half of one common share
purchase warrant ( each whole warrant a “Warrant”). Each Warrant will entitle the holder to
acquire one Common Share for C$0.90 for a period of 3 years following the close of the offering.
The Amended Private Placement is expected to close on March 28, 2019 and is subject to
regulatory approval. All securities issued pursuant to the Amended Private Placement will have
a hold period of four months and one day.
The Company intends to use the net proceeds from the Amended 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 Unite d 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 Unite d States without registration under the U.S. Securities Act and all
applicable state securities laws or comp liance 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 Unite d 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.
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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.
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 d efined 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 b y 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 ri sks 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, use of proceeds of the offering, receipt of all regulatory approvals 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 convert 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, environmental 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 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 ou t in the Company’s public
documents filed on SEDAR. 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.