Latest news with #DundeeCorporation
Toronto Star
17 hours ago
- Business
- Toronto Star
Promising Outcome From Collaboration With Dundee Sustainable Technologies
TORONTO, Aug. 18, 2025 (GLOBE NEWSWIRE) — Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) ('Revival Gold' or the 'Company') is pleased to announce promising results from a program of metallurgical testing undertaken in collaboration with Dundee Sustainable Technologies ('DST'), a subsidiary of Dundee Corporation (TSX: DC.A), to evaluate the effectiveness of DST's Glasslock Process™ on a high-grade sample from the Joss deposit at the Company's Beartrack-Arnett Gold Project ('Beartrack-Arnett' or, the 'Project') located in Idaho, U.S.A. Highlights GlassLock Process™ testing on high-grade underground sulphide material at Beartrack-Arnett boosted the concentrate gold grade 31% and cut the arsenic content by 99% with almost no loss in gold. DST's GlassLock Process has been successfully tested globally and used at an industrial scale at the Tsumeb smelter facility in Namibia. 3,900-meter core drilling program will be kicked off later this year to continue to test and expand on the high-grade underground potential at Beartrack-Arnett. The DST work was undertaken subsequent to Dundee Corporation's purchase of a strategic stake in Revival Gold (see Revival Gold news release dated February 19th, 2025) and followed up a previously reported flotation testing program on a 4.6 g/T gold composite from the Joss deposit that yielded a flotation concentrate grading 50 g/T gold, 23% sulphide sulphur and 13.5% arsenic (see Revival Gold news release dated September 6th, 2023). DST developed a similar arsenopyrite-rich concentrate from Joss samples (50.3 g/T gold, 23.6% sulphide sulphur, 13.7% arsenic) and following their GlassLock Process™ the concentrate graded 66.1 g/T gold (a 31% increase), 17.9% sulphide sulphur (a 24% reduction), and 0.19% arsenic (a 99% reduction). No measurable gold was lost during the GlassLock Process™. The primary biproduct from the GlassLock Process™ is a stable, insoluble, arsenic-rich glass characterized as non-toxic using Environmental Protection Agency's Method 1311 Toxicity Characteristic Leaching Procedure. 'DST's Glasslock Process™ offers Revival Gold the opportunity to produce a direct-to-smelter saleable gold concentrate from a potential second phase underground sulphide operation following the planned open pit heap leach phase at Beartrack-Arnett,' said Hugh Agro, Revival Gold President & CEO. 'A 3,900-meter exploration drilling program will be initiated later this year as we continue to test and expand Beartrack-Arnett's high-grade underground potential,' added Agro. ARTICLE CONTINUES BELOW 'One of the key attractions for Dundee Corporation in getting involved with Revival Gold earlier this year was the potential for our subsidiary business, DST, to help unlock additional value from Revival Gold's high-grade sulphide material,' observed Jonathan Goodman, President & CEO, Dundee Corporation. 'DST is expected to play a big role in the future of gold processing with GlassLock™ already having been successfully tested on projects in Canada, the United States and Africa and implemented on an industrial–scale to stabilize arsenic-bearing feed materials at Dundee Precious Metal Inc.'s Tsumeb smelter facility in Namibia,' added Goodman. Results from Revival Gold's DST metallurgical testing will be presented by the Company's, Vice President, Engineering & Development, John Meyer, at the upcoming Nevada Mineral Processors Division annual meeting taking place August 20-22, 2025, in Reno, Nevada. Qualified Persons Technical information included in this news release was reviewed and approved by Mr. John Meyer, a QP and Vice President, Engineering and Development for the Company. About Dundee Corporation Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol 'DC.A'. Through its operating subsidiaries, including Dundee Sustainable Technologies, Dundee Corporation is an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with more than 30 years of experience making accretive mining investments. About Revival Gold Inc. Revival Gold is one of the largest, pure gold mine developers in the United States. The Company is advancing development of the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol 'RVG' and trades on the OTCQX Market under the ticker symbol 'RVLGF'. The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho. For further information, please contact: Hugh Agro, President & CEO or Lisa Ross, Vice President & CFO Telephone: (416) 366-4100 or Email: info@ 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 release. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation and 'forward-looking statements' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, 'forward-looking statements'). Forward-looking statements 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 statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to: statements with respect to the Company's exploration, metallurgy and development activities at Beartrack-Arnett, the goals and expected outcomes of the planned drill program at Beartrack-Arnett, the ability of DST's Glasslock Process™ to produce a direct-to-smelter saleable gold concentrate, and the expectation the Mercur will reach production and the timing thereof. Forward-looking statements and information involve significant known and unknown risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results expressed or implied by such forward-looking statements or information, including, but not limited to: the Company's ability to finance the development of its mineral properties; uncertainty as to whether there will ever be production at the Company's mineral exploration and development properties; risks related to the Company's ability to commence production at the projects and generate material revenues or obtain adequate financing for its planned exploration and development activities; uncertainties relating to the assumptions underlying resource and reserve estimates; mining and development risks, including risks related to infrastructure, accidents, equipment breakdowns, labour disputes, bad weather, non-compliance with environmental and permit requirements or other unanticipated difficulties with or interruptions in development, construction or production; the geology, grade and continuity of the Company's mineral deposits; the uncertainties involving success of exploration, development and mining activities; permitting timelines; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; prices for energy inputs, labour, materials, supplies and services; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; unexpected cost increases in estimated capital and operating costs; the need to obtain permits and government approvals; material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to other risks and uncertainties disclosed in the Company's public filings with Canadian securities regulators, including its most recent annual information form and management's discussion and analysis, available at The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
Toronto Star
6 days ago
- Business
- Toronto Star
Strong Quarter for Dundee Corporation Includes Inaugural Royalty Revenue
TORONTO, Aug. 12, 2025 (GLOBE NEWSWIRE) — 'This quarter, we began recognizing revenue from our royalty interest in the Borborema Gold Project, signaling the start of a new, recurring revenue stream. While still early days, this milestone reflects tangible progress toward our strategy of building a more cash-generative business,' said Jonathan Goodman, President and Chief Executive Officer of Dundee Corporation. 'With recurring cash flow now beginning to support our core cost base, we are in a stronger position to allocate capital toward growth, which reinforces our ability to drive shareholder value.' 'Over the years, we've positioned ourselves to be liquid, flexible, and guided by a disciplined and technically grounded investment process. Our preparation and discipline allowed us to capitalize on key opportunities in the second quarter, including the backstopping of SPC Nickel's $3.5 million rights offering and participation in the private placements by Maritime Resources and Saturn Metals. After quarter end, we added to our position in Ausgold Limited by participating in a private placement to advance their compelling Katanning Gold Project.'
Cision Canada
31-07-2025
- Business
- Cision Canada
SPC Nickel Closes $3.5 Million Rights Offering Backstopped by Dundee Corporation
SUDBURY, ON, /CNW/ - SPC Nickel Corp. (TSXV: SPC) (" SPC" or the " Corporation") and Dundee Corporation (TSX: DC.A) are pleased to announce the closing of SPC's previously announced rights offering (the " Rights Offering"), pursuant to which the Corporation issued rights (" Rights") to the holders of its common shares (the " Common Shares") at the close of business (Toronto time) on June 24, 2025. The Corporation issued 175,000,000 Common Shares at a subscription price of $0.02 per Common Share for aggregate gross proceeds of $3,500,000. The net proceeds of the Rights Offering will be used to conduct the first modern airborne geophysical surveys in over 20 years on the Corporation's 470 km 2 polymetallic Muskox property and the advancement of the West Graham Deposit via a series of environmental, geotechnical and metallurgical studies. In addition, the Corporation plans to evaluate a number of very high conductivity electromagnetic targets on the broader Lockerby East property for high-grade polymetallic sulphide mineralization. The remainder of the proceeds will be used for general corporate purposes. In connection with the Rights Offering, the Corporation entered into a standby purchase and investor rights agreement dated June 11, 2025 (the " Standby Commitment Agreement") with Dundee Resources Limited (the " Standby Purchaser"), a wholly-owned subsidiary of Dundee Corporation, pursuant to which the Standby Purchaser agreed, subject to certain terms and conditions, to exercise its basic subscription privilege and additional subscription privilege in respect of any Rights it holds, and, in addition thereto, to acquire any additional Common Shares available as a result of any unexercised Rights under the Rights Offering (the " Standby Commitment"), such that the Corporation was, subject to the terms of the Standby Commitment Agreement, guaranteed to issue 175,000,000 Common Shares in connection with the Rights Offering. The Corporation issued a total of 93,963,117 Common Shares under the basic subscription privilege and 15,987,389 Common Shares under the additional subscription privilege. The Standby Purchaser acquired a total of 31,468,238 Common Shares under its basic subscription privilege. Pursuant to the Standby Commitment, the Standby Purchaser acquired an additional 65,049,494 Common Shares under the Standby Commitment Agreement at a subscription price of $0.02 for aggregate gross proceeds to the Corporation of $1,300,989.88. To the knowledge of the Corporation, after reasonable inquiry, no person that was not an insider of SPC before the distribution under the Rights Offering became an insider as a result of the distribution under the Rights Offering. To the knowledge of the Corporation, after reasonable inquiry, insiders, directors and officers of the Corporation before the distribution under the Rights Offering, which includes the Standby Purchaser, as a group, acquired 33,359,576 Common Shares under the basic subscription privilege and 1,306,321 Common Shares under the additional subscription privilege for an aggregate of 34,665,897 Common Shares acquired under the Rights Offering, representing total subscription proceeds of $693,317.94. Other persons, as a group, acquired 60,603,541 Common Shares under the basic subscription privilege and 14,681,068 Common Shares under the additional subscription privilege for an aggregate of 75,284,609 Common Shares acquired under the Rights Offering, representing total subscription proceeds of $1,505,692.18. As consideration for the Standby Commitment, the Corporation issued to the Standby Purchaser 16,262,374 non-transferable compensation warrants (the " Compensation Warrants"). Each Compensation Warrant entitles the Standby Purchaser to purchase one (1) Common Share at a price of $0.05 per Common Share for a period of 60 months from the date of issuance. Immediately following the closing of the Rights Offering, there are 368,053,825 Common Shares issued and outstanding. No fees or commissions were paid in connection with the solicitation of the exercise of Rights under the Rights Offering. The participation in the Rights Offering by certain "related parties" of the Corporation, namely the Standby Purchaser, certain directors and senior officers, under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101") is exempt from the related party transaction rules pursuant to section 5.1(k)(ii) of MI 61-101. The Common Shares issuable upon exercise of the Rights have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Corporation. There shall be no offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of such securities under the laws of any such jurisdiction. The Rights Offering remains subject to the final approval of the TSX Venture Exchange (the " Exchange"). Early Warning Disclosure Prior to the Rights Offering, the Standby Purchaser and its affiliates owned, and exercised control and direction over, 34,714,650 Common Shares and share purchase warrants exercisable for the issuance of an additional 3,000,000 Common Shares (the " Warrants"), representing an approximately 17.98% interest in the Corporation on a undiluted basis and an approximately 19.24% interest in the Corporation on a partially diluted basis (assuming the full exercise of the Warrants). Immediately following completion of the Rights Offering, the Standby Purchaser and its affiliates own, and exercise control and direction over, an aggregate of 131,232,382 Common Shares (comprised of an aggregate of 34,714,650 Common Shares held at the time of announcement of the Rights Offering, an aggregate of 31,468,238 Common Shares acquired pursuant to the exercise of Rights pursuant to the Rights Offering, and an aggregate of 65,049,494 Common Shares acquired pursuant to the Standby Commitment) and share purchase warrants exercisable for the issuance of an additional 19,262,374 Common Shares (inclusive of the Warrants and the Compensation Warrants), representing an approximately 35.66% interest in the Corporation on a undiluted basis, and an approximately 38.86% interest in the Corporation on a partially-diluted basis (assuming the full exercise of the 3,000,000 Warrants and 16,262,374 Compensation Warrants). The Standby Purchaser acquired the securities of SPC for investment purposes only. The Standby Purchaser intends to review, on a continuous basis, various factors related to its investment, including (but not limited to) the price and availability of the securities of SPC, subsequent developments affecting SPC or its business, and the general market and economic conditions. Based upon these and other factors, the Standby Purchaser may decide to purchase additional securities of SPC or may decide in the future to sell all or part of its investment. This news release is being issued in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report. The early warning report with respect to the acquisition will be filed on the System for Electronic Data Analysis and Retrieval+ at under SPC's profile. To obtain a copy of the early warning report filed by the Standby Purchaser, please contact: Dundee Corporation, Legal Department, 80 Richmond Street West, Suite 2000, Toronto, Ontario M5H 2A4, Tel: (416) 365-5172. About SPC Nickel Corp. SPC Nickel Corp. is a Canadian public corporation focused on exploring for Ni-Cu-PGMs within the world class Sudbury Mining Camp and in Nunavut. SPC Nickel is currently exploring its key 100% owned exploration project Lockerby East located in the heart of the historic Sudbury Mining Camp that includes the West Graham Resource and the LKE Resource. SPC Nickel also holds two additional projects across Canada consisting of the large camp-scale Muskox Project (located in Nunavut) and the past producing Aer-Kidd Project (located in the Sudbury Mining Camp). The Company continues to look for new opportunities to add shareholder value. About Dundee Corporation: Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol "DC.A". Through its operating subsidiaries, Dundee Corporation is an active investor focused on delivering long-term, sustainable value as a trusted partner in the mining sector with more than 30 years of experience making accretive mining investments. Caution Regarding Forward-Looking Statements: Certain of the statements made and information contained herein is "forward-looking information" within the meaning of National Instrument 51-102 - Continuous Disclosure Obligations of the Canadian Securities Administrators. These statements and information are based on facts currently available to the Corporation and there is no assurance that actual results will meet management's expectations. Forward-Looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "could", "intends", "entitles", or "would". While the Corporation considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The forward- looking statements in this news release include, without limitation, statements with respect to the intended use of proceeds from the Rights Offering, Dundee's plans for its investment in the Corporation, and the final approval of the Rights Offering from the Exchange. All forward-looking information contained in this press release is given as of the date hereof, and is based on the opinions and estimates of management and information available to management as of the date hereof. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE SPC Nickel Corp.
Globe and Mail
15-07-2025
- Business
- Globe and Mail
Revival Gold Announces Dundee Corporation Exercise of Participation Right, Upsize of Financing to a Total of $29 Million
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA. TORONTO, July 15, 2025 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG) ('Revival Gold' or the 'Company') is pleased to announce that, further to the Company's press releases dated July 10, 2025 and July 14, 2025, the Company has upsized its previously announced non-brokered private placement of up to C$13.68 million by the issuance of up to 28,517,502 common shares of the Company ('Common Shares') at a price of C$0.48 per Common Share (the 'Concurrent Offering'). The Concurrent Offering was upsized to accommodate Dundee Corporation, through its wholly owned subsidiary, Dundee Resources Limited ('Dundee'), who informed the Company that it intends to exercise its participation right to maintain its equity ownership in the Company. The terms of the previously announced strategic placement with EMR Capital Management Limited ('EMR') remain as announced on July 14, 2025, whereby EMR will purchase 32,069,531 Common Shares at a price of C$0.48 per Common Share for gross proceeds of US$11.3 million (C$15.4 million) (the 'EMR Strategic Placement'). Assuming the Concurrent Offering is fully subscribed, the aggregate gross proceeds of the Concurrent Offering and EMR Strategic Placement is expected to be approximately C$29.08 million. EMR's and Dundee's pro-forma interest in Revival Gold on closing is expected to amount to approximately 11.8% and 5.3% on a non-diluted basis, respectively, assuming the Concurrent Offering is fully subscribed and there are no other Common Share issuances. Subject to compliance with applicable regulatory requirements and in accordance with Part 5A of National Instrument 45-106 – Prospectus Exemptions ('NI 45-106' and with Part 5A, the 'Listed Issuer Financing Exemption'), the Common Shares offered under the Concurrent Offering will be offered for sale to purchasers resident in Canada (except Quebec) and are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers' resident in Canada. The Common Shares sold under the Concurrent Offering may also be issued to purchasers outside of Canada, including to purchaser's resident in the United States and in certain offshore foreign jurisdictions, pursuant to applicable regulatory requirements and in accordance with OSC Rule 72-503 - Distributions Outside Canada ('OSC Rule 72-503'). The Common Shares sold to purchasers in the United States will be made on a private placement basis pursuant to one or more exemptions from registration requirements of the United States Securities Act of 1933, as amended (the 'U.S. Securities Act'). Purchasers are advised to consult their own legal advisors in this regard. The Common Shares issued pursuant to the EMR Strategic Placement will be offered pursuant to the accredited investor exemption under NI 45-106 and will be subject to a 4-month and one day hold period under applicable Canadian securities laws. The net proceeds from the EMR Strategic Placement and Concurrent Offering will be used to advance Revival Gold's ongoing exploration and development of its Mercur and Beartrack-Arnett projects and for general working capital and corporate purposes, as further detailed in the Offering Document (as defined herein). There is an amended and restated offering document dated July 15, 2025 (the 'Offering Document') related to the Concurrent Offering that can be accessed under the Company's profile at and on the Company's website at Prospective investors should read this Offering Document before making an investment decision. The EMR Strategic Placement and the Concurrent Offering are subject to customary closing conditions, including but not limited to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. Closing of the EMR Strategic Placement and the Concurrent Offering is expected to occur on or about July 29, 2025. Revival Gold may pay a cash commission to eligible finders who introduce subscribers to the Concurrent Offering equal to up to 6.0% of the gross proceeds of the Concurrent Offering. No cash commission is expected to be paid in connection with Dundee's participation under the Concurrent Offering. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. Paradigm Capital Inc. is acting as Financial Advisor to Revival Gold. Peterson McVicar LLP is acting as legal counsel to Revival Gold. Beacon Securities Limited is acting as Financial Advisor to EMR Capital. About Revival Gold Inc. Revival Gold is one of the largest, pure gold mine developers in the United States. The Company is advancing development of the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol 'RVG' and trades on the OTCQX Market under the ticker symbol 'RVLGF'. The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho. For further information, please contact: Hugh Agro, President & CEO or Lisa Ross, Vice President & CFO Telephone: (416) 366-4100 or Email: info@ 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 release. This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). Forward-looking statements 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 statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to: statements with respect to the EMR Strategic Placement and the Concurrent Offering, including the size thereof, the expected timing to complete the EMR Strategic Placement and the Concurrent Offering, the ability to complete the EMR Strategic Placement and the Concurrent Offering on the terms provided herein or at all, the receipt of all necessary approvals, the intended use of proceeds of the EMR Strategic Placement and the Concurrent Offering, EMR and Dundee's pro forma interest in the Company, that the Common Shares issued under the Listed Issuer Financing Exemption are not expected to be subject to any hold period under Canadian securities laws and statements with respect to Dundee's intention to exercise its participation right. Forward-looking statements and information involve significant known and unknown risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results expressed or implied by such forward-looking statements or information, including, but not limited to: the Company's ability to finance the development of its mineral properties; uncertainty as to whether there will ever be production at the Company's mineral exploration and development properties; risks related to the Company's ability to commence production at the projects and generate material revenues or obtain adequate financing for its planned exploration and development activities; uncertainties relating to the assumptions underlying resource and reserve estimates; mining and development risks, including risks related to infrastructure, accidents, equipment breakdowns, labour disputes, bad weather, non-compliance with environmental and permit requirements or other unanticipated difficulties with or interruptions in development, construction or production; the geology, grade and continuity of the Company's mineral deposits; the uncertainties involving success of exploration, development and mining activities; permitting timelines; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; prices for energy inputs, labour, materials, supplies and services; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; unexpected cost increases in estimated capital and operating costs; the need to obtain permits and government approvals; material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to other risks and uncertainties disclosed in the Company's public filings with Canadian securities regulators, including its most recent annual information form and management's discussion and analysis, available at The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
Yahoo
15-07-2025
- Business
- Yahoo
Revival Gold Announces Dundee Corporation Exercise of Participation Right, Upsize of Financing to a Total of $29 Million
TORONTO, July 15, 2025 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG) ('Revival Gold' or the 'Company') is pleased to announce that, further to the Company's press releases dated July 10, 2025 and July 14, 2025, the Company has upsized its previously announced non-brokered private placement of up to C$13.68 million by the issuance of up to 28,517,502 common shares of the Company ('Common Shares') at a price of C$0.48 per Common Share (the 'Concurrent Offering'). The Concurrent Offering was upsized to accommodate Dundee Corporation, through its wholly owned subsidiary, Dundee Resources Limited ('Dundee'), who informed the Company that it intends to exercise its participation right to maintain its equity ownership in the Company. The terms of the previously announced strategic placement with EMR Capital Management Limited ('EMR') remain as announced on July 14, 2025, whereby EMR will purchase 32,069,531 Common Shares at a price of C$0.48 per Common Share for gross proceeds of US$11.3 million (C$15.4 million) (the 'EMR Strategic Placement'). Assuming the Concurrent Offering is fully subscribed, the aggregate gross proceeds of the Concurrent Offering and EMR Strategic Placement is expected to be approximately C$29.08 million. EMR's and Dundee's pro-forma interest in Revival Gold on closing is expected to amount to approximately 11.8% and 5.3% on a non-diluted basis, respectively, assuming the Concurrent Offering is fully subscribed and there are no other Common Share issuances. Subject to compliance with applicable regulatory requirements and in accordance with Part 5A of National Instrument 45-106 – Prospectus Exemptions ('NI 45-106' and with Part 5A, the 'Listed Issuer Financing Exemption'), the Common Shares offered under the Concurrent Offering will be offered for sale to purchasers resident in Canada (except Quebec) and are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers' resident in Canada. The Common Shares sold under the Concurrent Offering may also be issued to purchasers outside of Canada, including to purchaser's resident in the United States and in certain offshore foreign jurisdictions, pursuant to applicable regulatory requirements and in accordance with OSC Rule 72-503 - Distributions Outside Canada ('OSC Rule 72-503'). The Common Shares sold to purchasers in the United States will be made on a private placement basis pursuant to one or more exemptions from registration requirements of the United States Securities Act of 1933, as amended (the 'U.S. Securities Act'). Purchasers are advised to consult their own legal advisors in this regard. The Common Shares issued pursuant to the EMR Strategic Placement will be offered pursuant to the accredited investor exemption under NI 45-106 and will be subject to a 4-month and one day hold period under applicable Canadian securities laws. The net proceeds from the EMR Strategic Placement and Concurrent Offering will be used to advance Revival Gold's ongoing exploration and development of its Mercur and Beartrack-Arnett projects and for general working capital and corporate purposes, as further detailed in the Offering Document (as defined herein). There is an amended and restated offering document dated July 15, 2025 (the 'Offering Document') related to the Concurrent Offering that can be accessed under the Company's profile at and on the Company's website at Prospective investors should read this Offering Document before making an investment decision. The EMR Strategic Placement and the Concurrent Offering are subject to customary closing conditions, including but not limited to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. Closing of the EMR Strategic Placement and the Concurrent Offering is expected to occur on or about July 29, 2025. Revival Gold may pay a cash commission to eligible finders who introduce subscribers to the Concurrent Offering equal to up to 6.0% of the gross proceeds of the Concurrent Offering. No cash commission is expected to be paid in connection with Dundee's participation under the Concurrent Offering. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. Paradigm Capital Inc. is acting as Financial Advisor to Revival Gold. Peterson McVicar LLP is acting as legal counsel to Revival Gold. Beacon Securities Limited is acting as Financial Advisor to EMR Capital. About Revival Gold Inc. Revival Gold is one of the largest, pure gold mine developers in the United States. The Company is advancing development of the Mercur Gold Project in Utah and mine permitting preparations and ongoing exploration at the Beartrack-Arnett Gold Project located in Idaho. Revival Gold is listed on the TSX Venture Exchange under the ticker symbol 'RVG' and trades on the OTCQX Market under the ticker symbol 'RVLGF'. The Company is headquartered in Toronto, Canada, with its exploration and development office located in Salmon, Idaho. For further information, please contact: Hugh Agro, President & CEO or Lisa Ross, Vice President & CFOTelephone: (416) 366-4100 or Email: info@ 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 release. This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). Forward-looking statements 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 statements could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to: statements with respect to the EMR Strategic Placement and the Concurrent Offering, including the size thereof, the expected timing to complete the EMR Strategic Placement and the Concurrent Offering, the ability to complete the EMR Strategic Placement and the Concurrent Offering on the terms provided herein or at all, the receipt of all necessary approvals, the intended use of proceeds of the EMR Strategic Placement and the Concurrent Offering, EMR and Dundee's pro forma interest in the Company, that the Common Shares issued under the Listed Issuer Financing Exemption are not expected to be subject to any hold period under Canadian securities laws and statements with respect to Dundee's intention to exercise its participation right. Forward-looking statements and information involve significant known and unknown risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results expressed or implied by such forward-looking statements or information, including, but not limited to: the Company's ability to finance the development of its mineral properties; uncertainty as to whether there will ever be production at the Company's mineral exploration and development properties; risks related to the Company's ability to commence production at the projects and generate material revenues or obtain adequate financing for its planned exploration and development activities; uncertainties relating to the assumptions underlying resource and reserve estimates; mining and development risks, including risks related to infrastructure, accidents, equipment breakdowns, labour disputes, bad weather, non-compliance with environmental and permit requirements or other unanticipated difficulties with or interruptions in development, construction or production; the geology, grade and continuity of the Company's mineral deposits; the uncertainties involving success of exploration, development and mining activities; permitting timelines; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; prices for energy inputs, labour, materials, supplies and services; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; unexpected cost increases in estimated capital and operating costs; the need to obtain permits and government approvals; material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to other risks and uncertainties disclosed in the Company's public filings with Canadian securities regulators, including its most recent annual information form and management's discussion and analysis, available at The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in to access your portfolio
