Revolve Announces $2 Million Private Placement of Units

Executive Summary

• Revolve Renewable Power Corp. entered into a best‑efforts agency agreement with Beacon Securities Limited to conduct a brokered private placement of up to 10,527,000 units at $0.19 per unit, targeting gross proceeds of up to $2,000,130.
• The offering includes an agent’s option for an additional 1,579,000 units (up to $300,010) exercisable up to 48 hours before closing.
• Net proceeds are earmarked for advancing late‑stage renewable energy projects in the company’s portfolio and for general working capital.

Key Details

• Units Offered: Up to 10,527,000 units (each unit = 1 common share + 1 common share purchase warrant).
• Issue Price: $0.19 per unit.
• Maximum Gross Proceeds: $2,000,130.
• Warrant Terms: Each warrant allows purchase of one common share at an exercise price of $0.40 for 24 months after the closing date.
• Agent’s Option: Up to 1,579,000 additional units at the same issue price, providing up to $300,010 extra proceeds; option may be exercised in whole or in part up to 48 hours before closing.
• Regulatory Basis: Units offered under applicable Canadian prospectus exemptions; also may be offered in the U.S. and other jurisdictions under relevant securities law exemptions.
• Use of Proceeds: Advancement of late‑stage projects within Revolve’s renewable energy portfolio and general working capital purposes.
• Statutory Hold Period: Four months plus one day from closing, per Canadian securities regulations.
• Closing Conditions: Subject to receipt of all required regulatory approvals, including TSX Venture Exchange approval.

Notable Quotes

(No direct quotes were provided in the release.)