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Hamilton Spectator
12 hours ago
- Business
- Hamilton Spectator
Revival Gold Completes $29 Million Financing Including Strategic Investments by EMR Capital and Dundee Corporation
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 31, 2025 (GLOBE NEWSWIRE) — Revival Gold Inc. (TSXV: RVG) ('Revival Gold' or the 'Company') is pleased to announce that it has closed its previously announced financing of common shares (the 'Common Shares') for total gross proceeds of approximately C$29.08 million (the 'Offerings'). The Offerings were comprised of a strategic non-brokered private placement with EMR Capital Management Limited ('EMR') pursuant to which EMR subscribed for 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 Placement'), and a concurrent non-brokered private placement of 28,517,502 Common Shares at a price of C$0.48 per Common Share for gross proceeds of C$13.68 million (the 'Concurrent Offering'). Dundee Corporation, through its wholly owned subsidiary, Dundee Resources Limited ('Dundee'), exercised its participation right and participated in the Concurrent Offering to maintain its equity ownership in Revival Gold. Upon closing, EMR's and Dundee's pro-forma interest in Revival Gold are approximately 11.8% and 5.3% on a non-diluted basis, respectively. 'With this financing, we have significantly enhanced our balance sheet while safeguarding the full value of our gold assets for the benefit of Revival Gold's shareholders. The transaction was structured on terms friendly to our longstanding owners and was achieved without taking on debt, burdening the project with streams or royalties, or compromising the company's future strategic flexibility,' said Hugh Agro, President & CEO. 'We're pleased to have Dundee continue as a committed shareholder and are excited to welcome EMR as a new strategic equity partner that shares our vision and is aligned with our mission to deliver significant growth and value in gold,' Agro added. In connection with the EMR Placement, the Company entered into an investor rights agreement with EMR pursuant to which the Company granted EMR the right to nominate one director to the board of directors of the Company and customary anti-dilution rights to maintain its equity ownership interest in the Company through the right to participate in future equity financings and a top-up right. EMR's director nominee, and Revival Gold's now newly appointed director, is Mr. Tony Manini, a Co-Founder and Executive Director at EMR. Tony Manini is a geologist with over 35 years' global resource industry experience. His diverse background covers a wide range of commodities in more than 20 countries and includes technical, commercial, senior management and executive roles in exploration, business development, project evaluation, mine development and operations with Rio Tinto, Oxiana, OZ Minerals, Tigers Realm Group and EMR Capital. Tony has been closely involved in the discovery and development of multiple mines and deposits globally and has listed several highly successful junior exploration companies on the ASX, TSX-V and London AIM. He is a co-founder and Executive Director of resources private equity firm EMR Capital and Chairman of C3 Metals Inc. and Asiamet Resources Ltd. Tony holds an Honors Degree in Geology and is a Fellow of the Australian Institute of Mining and Metallurgy and the Society of Economic Geologists. With Mr. Manini's appointment, former Revival Gold director Norm Pitcher kindly agreed to step off the board and transition to a senior advisory role with the Company. Mr. Pitcher served as the President & CEO of the predecessor owner of Revival Gold's Mercur gold project and was instrumental in the Company's formation as one of the largest pure gold mine developers in the United States. 'We are thrilled to have Tony join us as we look ahead to Revival Gold's continued success, and we extend our sincere thanks to Norm for his pivotal role in advancing the Mercur gold project and shaping Revival Gold into the Company it is today,' said Hugh Agro. 'On behalf of our entire management team and board, I warmly welcome Tony and express our deep appreciation to Norm,' Agro added. The Common Shares issued under the Concurrent Offering were issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions ('NI 45-106') and in reliance on the Coordinated Blanker Order 45-935 – Exemptions From Certain Conditions of the Listed Issuer Financing Exemption (the 'Listed Issuer Financing Exemption') and to offshore purchasers and purchasers in the United States in accordance with OSC Rule 72-503 - Distributions Outside Canada ('OSC Rule 72-503'). The Common Shares issued under the Concurrent Offering are not subject to any hold period under applicable Canadian securities laws. The Common Shares issued under to the EMR Placement are subject to a 4-month and one day hold period under applicable Canadian securities laws. The net proceeds from the Offerings 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. The Offerings remain subject to the final approval of the TSX Venture Exchange. As consideration for their services in the Concurrent Offering, the Company paid certain finders who introduced subscribers to the Concurrent Offering including Paradigm Capital Inc, BMO Capital Markets, and Velocity Trade Capital Ltd. an aggregate cash payment of C$696,398. Certain Early Warning Disclosures Immediately prior to the EMR Placement, EMR did not have ownership of any securities of Revival Gold. After giving effect to the EMR Placement, EMR acquired ownership or control and direction over 32,069,531 Common Shares, representing approximately a 11.8% ownership interest in the Company's issued and outstanding common shares on a non-diluted basis. EMR entered into the EMR Placement for investment purposes and intends to review its investment in Revival Gold on a continuing basis. Depending upon a number of factors including market and other conditions, EMR may from time to time increase or decrease its beneficial ownership, control, direction or economic exposure over securities of Revival Gold. A copy of the early warning report to be filed by EMR in connection with the EMR Placement described above will be available on SEDAR+ under Revival Gold's profile. This news release is issued under the early warning provisions of the Canadian securities legislation. The Common Shares of Revival Gold are listed on the TSX Venture Exchange under the symbol 'RVG' and the OTCQX Venture Markets under the symbol 'RVLGF'. Revival Gold is a corporation existing under the federal laws of Canada with its head office at 145 King St. W., Suite 2870, Toronto, Ontario, M5H 1J8. EMR's head office is located at 18 Forum Lane, Third Floor, Suite 5307, Camana Bay, Grand Cayman, Cayman Islands KY1-9006. 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. acted as Financial Advisor to Revival Gold. Peterson McVicar LLP acted as legal counsel to Revival Gold. Beacon Securities Limited is acting as Financial Advisor to EMR. Osler, Hoskin & Harcourt LLP acted as legal counsel to EMR. 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 Offerings, the intended use of proceeds of the Offerings, statements with respect to the Company delivering significant growth and value in gold and statements with respect to EMR's intentions with respect to the Common Shares that it owns. 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.
The Star
a day ago
- Business
- The Star
CIMB partners Remedi to develop financial solutions for healthcare SMEs
From left: Gurdip Singh Sidhu, CEO, CIMB Malaysia and CIMB Bank; Lawrence Loh, co-CEO, group commercial and transaction banking, CIMB Group; Dr Khairul Faizi Khalid, managing director, Remedi; and Muhamad Faris Ashraf Md Nasser, chief technology officer; at the MoU signing between CIMB and Remedi Innovations to co-develop digital health and wellness solutions aimed at empowering health tech SMEs KUALA LUMPUR: CIMB Bank Bhd has inked a memorandum of understanding with Remedi Innovations Sdn Bhd to co-develop digital health and wellness solutions for health tech small and medium enterprises (SME). Remedi is a certified provider of Electronic Medical Records (EMR) and digital health solutions, which offers a cloud-based clinic management system that enables healthcare providers to optimise clinic operations and enhance patient care. In a stament, the bank said the partnership was formed as part of CIMB's Digital Labs Innovation Programme, and was designed to embed financial services within the digital platforms used by SMEs. Through this collaboration, CIMB and Remedi will co-develop embedded financial solutions directly within Remedi's digital infrastructure that is tailored to the needs of Remedi's clients – which includes clinics, healthcare providers and pharmaceutical suppliers. With the roll-out, the bank said it plans to on board more digital providers nationwide to accelerate the growth of the health-tech industry. "Healthcare is a high-potential growth sector in Malaysia, and we see significant opportunity to support its digital transformation. "Through this partnership, we aim to help healthcare SMEs streamline operations, improve financial management and ultimately, focus on delivering better care," said CIMB Group commercial and transaction banking co-ceo Lawrence Loh in a statement. Remedi Innovations managing director Dr Khairul Faizi Khalid said by removing the complexity of managing separate financial and operational systems, they are enabling healthcare providers to focus entirely on what they do best – caring for their patients. "This collaboration transforms how healthcare SMEs operate, offering them the convenience of streamlined procurement, payments, and business management tools within the ecosystem they already trust."
BBC News
a day ago
- BBC News
Headache over access and security at Nottingham train station
A "unique" bridge at Nottingham station is causing train operator East Midlands Railways (EMR) an ongoing headache and its workaround is attracting criticism - but why?The bridge carries a legally-protected right of way from Station Street to Queen Street on either side of the rail tracks - but it also gives access to all has linked the route to anti-social behaviour and fare evasion and has been trialling overnight restrictions on people using it to get to operator is now set to increase the times when stairs to platforms are fenced off but rail passengers say the problems lie elsewhere. The right of way was put over the bridge after an earlier crossing further down the tracks was this has left EMR with two seemingly opposing obligations - public passage and station said fare evasion from Nottingham could total £1.1m annually and barrier-free access from the bridge facilitated the firm said 62% of violent and anti-social behaviour occurred between 19:00 and 06: 18 August, the time the stairs are fenced off will be extended from the current 23:00 to 05:00 to between 19:00 and 06:00. Michael O'Callaghan-Staples, head of station experience for EMR, said the firm was always looking for longer term fixes. "It's a unique situation and this is the solution we have got available to us at the moment," he said."We will continue to work with stakeholders to work out a more rounded solution in the long term."He also admitted they had discussed the right of way itself with the city council."We have engaged with Nottingham City Council about the rerouting or closure of the public right of way," he added."But that is a complex process and we continue to work with our partners at Nottingham City Council to see what the opportunities are for that space." Steve Jones from Rail Future, which campaigns for passenger rights and rail improvements, recognised EMR was in a difficult said: "It is rare in such a large station to have this right to public access."Nottingham station also has the issue that the main entrance is at the western end, but a lot of the train activity, especially with regional services, takes place at the eastern end."It's a long walk, which can be more than an inconvenience if you are changing trains and can't access the bridge."Those minutes can make the difference between catching your train or not, so it's a serious issue."However, Mr Jones accepted fare evasion losses are "unsustainable".He said: "Our solution, and one we have been calling for for some time, is there is a need for another bridge at Nottingham station, at the eastern end."This would be a big investment but if it avoids the £1.1m loss EMR claims, it has a good business case and it would, with lifts the current bridge lacks, be an enormous benefit to passengers." Rail users also expressed reservations about the Marigmen said: "I almost exclusively use this bridge because it's far more convenient to get a taxi or just walk home."It takes a lot longer when you have to go through the main entrance and if you want to crack down on fare evasion, check the tickets on every train."Carl Phillips added: "For the able bodied it's not much of an issue but for those with pushchairs or mobility issues it's more of an inconvenience."Fare dodging is a problem but I think a lot of that comes down to the cost of public transport, which is ridiculous."Nottingham City Council declined to comment on the issue.
Barnama
a day ago
- Business
- Barnama
CIMB signs MOU with Remedi to accelerate digital transformation for healthcare SMEs
KUALA LUMPUR, July 31 (Bernama) -- CIMB Bank Berhad ('CIMB' or 'the Bank') has signed a MOU with Remedi Innovations Sdn. Bhd. ('Remedi') to co-develop digital health and wellness solutions for health tech small and medium enterprises ('SMEs'). This strategic partnership positions CIMB as both an ecosystem enabler and innovation partner, driving technology-led financial solutions across high-growth sectors. Formed as part of CIMB's Digital Labs Innovation Programme ('the Programme'), this is designed to embed financial services within the digital platforms used by SMEs. The Programme underscores CIMB's commitment to innovation-led growth by delivering practical, sector-specific financial solutions tailored to business needs within established ecosystems. that meet businesses' needs within established ecosystems. Remedi is a certified provider of Electronic Medical Records ('EMR') and digital health solutions which offers a cloud-based clinic management system that enables healthcare providers to optimise clinic operations and enhance patient care. Through this collaboration, CIMB and Remedi will co-develop embedded financial solutions directly within Remedi's digital infrastructure that is tailored to the needs of Remedi's clients – which includes clinics, healthcare providers and pharmaceutical suppliers. With the roll-out, the Bank plans to on board more digital providers nationwide to accelerate the growth of the health-tech industry.
Yahoo
2 days ago
- Yahoo
Three weeks of train disruption across North West due to major bridge replacement works
Train services will be halted for three weeks amid major bridge replacement works in Stockport next month. The Greek Street bridge in the Greater Manchester borough is being replaced in a huge and complex £20m project. Built in 1958, the 67-year-old structure has 'reached the end of its life, say Network Rail. No trains will run to or from Stockport railway station for the most of August due to vital bridge repair work, with service changes also likely to hit a number of other Greater Manchester stations including Piccadilly and Oxford Road and other destinations in the north west. READ MORE: Jury in Manchester Airport police assault trial given majority ruling READ MORE: Air ambulance lands in city centre after person falls from car park - latest Never miss a story with the MEN's daily Catch Up newsletter - get it in your inbox by signing up here The ongoing £20m investment in the Greek Street bridge in Stockport will mean the closure of the Manchester spur of the West Coast Main Line. The bridge is being demolished and rebuilt over 21 days between August 2 and August 22. "During that time no trains will be able to run through Stockport with rail replacement buses in operation. The railway will reopen the morning of the 23 August," a Network Rail statement read. "Passengers are advised to plan their journey on the National Rail Enquires website, where they can find information about how their specific services are affected. East Midlands Railway (EMR) has now announced that services will not stop at any stations northwest of Sheffield for 21 days in August due to the major project. The most significant phase of the work takes place in August, when the railway will close to allow the demolition of the old bridge - made up of around 200 concrete beams - and the installation of a new structure. From Saturday August 2 to Friday August 22, EMR services that usually run between Norwich and Liverpool Lime Street will instead terminate at Sheffield. Join the Manchester Evening News WhatsApp group HERE Customers travelling between Sheffield and Manchester/Liverpool will be able to use their ticket at no extra cost on other train operators' services. These trains will be diverted and will not call at Stockport. If customers are travelling between Sheffield and Stockport, they can use their ticket on other train operators' services to Manchester Piccadilly, where a rail replacement bus service will connect them to Stockport. Rail replacement buses will also operate between Sheffield and Manchester Piccadilly to supplement other operators' train services. Philippa Cresswell, Customer Experience Director at East Midlands Railway, said: 'We'd like to thank our customers for their patience and understanding while this important work takes place. The replacement of the bridge at Greek Street is essential to securing the long-term safety and reliability of services on the West Coast Main Line. "We're working closely with our industry partners to keep disruption to a minimum and ensure customers can continue their journeys with as little inconvenience as possible. Please check our website before you travel to see how your journey may be affected.' --- Day in day out, our reporters in the Manchester Evening News newsroom bring you remarkable stories from all aspects of Mancunian life. However, with the pace of life these days, the frenetic news agenda and social media algorithms, you might not be getting a chance to read it. That's why every week our Features and Perspectives editor Rob Williams brings you Unmissable, highlighting the best of what we do - bringing it to you directly from us. Make sure you don't miss out, and see what else we have to offer, by clicking here and signing up for MEN Daily News. And be sure to join our politics writer Jo Timan every Sunday for his essential commentary on what matters most to you in Greater Manchester each week in our newsletter Due North. You can also sign up for that here. You can also get all your favourite content from the Manchester Evening News on WhatsApp. Click here to see everything we offer, including everything from breaking news to Coronation Street. If you prefer reading our stories on your phone, consider downloading the Manchester Evening News app here, and our news desk will make sure every time an essential story breaks, you'll be the first to hear about it. And finally, if there is a story you think our journalists should be looking into, we want to hear from you. Email us on newsdesk@ or give us a ring on 0161 211 2920.
