Revolve increases private placement to $3.03-million

Executive Summary

• Revolve Renewable Power Corp. has upsized its previously announced brokered private placement of units due to strong investor demand.
• The offering now consists of up to 15,999,857 units at a price of 19 cents per unit, raising aggregate gross proceeds of up to $3,039,973.
• Net proceeds are designated for the advancement of late-stage projects in the company's portfolio and for working capital purposes.

Key Details

• Offering Size: Up to 15,999,857 units.
• Price: 19 cents per unit.
• Gross Proceeds: Up to $3,039,973.
• Underwriter: Beacon Securities Ltd., acting on a best-effort agency basis.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of 40 cents.
• Warrant Duration: 24 months following the closing date of the offering.
• Use of Proceeds: Advancement of late-stage projects in the company's portfolio and working capital.
• Closing Date: Expected on or about November 6, 2025.
• Regulatory Conditions: Subject to receipt of all required regulatory approvals, including approval of the TSX Venture Exchange.
• Hold Period: Securities are subject to a statutory hold period of four months plus one day from the closing date.
• Jurisdictions: Offered pursuant to exemptions from prospectus requirements under Canadian securities laws and registration requirements of the U.S. Securities Act of 1933.

Notable Quotes

• "As a result of strong investor demand, Revolve Renewable Power Corp. has increased the size of its previously announced brokered private placement of units."