Rev Exploration increases offering to $2.8-million

Executive Summary

• Rev Exploration Corp. has upsized its Listed Issuer Financing Exemption (LIFE) offering by $300,000, increasing the maximum gross proceeds from $2.5 million to $2.8 million due to strong investor demand.
• The offering is conducted on a non-brokered basis at $0.40 per common share, with no warrants issued. The total maximum shares issuable under the LIFE offering is now 7 million.
• Upon completion of the upsized LIFE offering and a concurrent $3.0 million private placement led by Eric Sprott, the company expects to raise aggregate gross proceeds of up to $5.8 million to advance the Aden Dome natural hydrogen asset and for general corporate purposes.

Key Details

• Offering Upsize: Gross proceeds increased by $300,000, from up to $2.5 million to up to $2.8 million.
• Price: 40 cents ($0.40) per common share.
• Structure: Non-brokered basis. No warrants are being issued in connection with this LIFE offering.
• Share Count: The upsizing involves the issuance of up to an additional 750,000 common shares. The maximum number of common shares issuable under the LIFE offering is now 7 million if fully subscribed.
• Regulatory Status: Conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106. Available to purchasers resident in Canada, excluding Quebec. No statutory hold period applies.
• Documentation: An amended and restated offering document has been filed on SEDAR+ and made available on the company website.
• Closing Date: Expected to close on or around January 21, 2026, subject to TSX Venture Exchange and other regulatory approvals.
• Concurrent Financing: A previously announced $3.0 million non-brokered hard-dollar private placement, led by Eric Sprott, remains unchanged.
• Total Capital Raised: Aggregate gross proceeds expected to be up to $5.8 million upon completion of both financings.
• Use of Proceeds: Advance the Aden Dome natural hydrogen asset (located along the Alberta-Montana border) and for general corporate purposes.

Notable Quotes

• "The company is encouraged by the strong demand for the offerings and remains enthusiastic about advancing its exploration portfolio and executing on its strategic objectives in 2026."