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Financings

Rev Exploration arranges $5.5-million in financings

By The Northwire Desk — AI Analysis Dec 30, 2025 · 15:50 REVX · 0.40 Rev Exploration Corp.
REVX · Price

Executive Summary

  • Rev Exploration Corp. has arranged a combined $5.5 million in non-brokered private placements, led by Eric Sprott as the primary investor.
  • The financing consists of two tranches: a $3 million placement at $0.30 per share and a $2.5 million Listed Issuer Financing Exemption (LIFE) offering at $0.40 per share.
  • Proceeds will be used to advance the Aden Dome asset in Alberta/Montana, explore the Chibougamau gold project, and for general corporate purposes.

Key Details

  • Total Gross Proceeds: Up to $5.5 million.
  • Lead Investor: Eric Sprott subscribed for $2 million, receiving 6,666,666 common shares.
  • Tranche 1 (Private Placement):
    • Gross proceeds: Up to $3 million.
    • Price: $0.30 per share.
    • Quantity: Up to 10 million common shares.
    • Hold Period: Statutory hold of four months plus one day.
    • Warrants: None issued.
  • Tranche 2 (LIFE Offering):
    • Gross proceeds: Up to $2.5 million.
    • Price: $0.40 per share.
    • Quantity: Up to 6.25 million shares.
    • Eligibility: Canadian residents (excluding Quebec) under National Instrument 45-106.
    • Hold Period: No statutory hold period.
    • Warrants: None issued.
  • Finder’s Fees:
    • Cash fees up to 7.0% of gross proceeds for direct introductions.
    • Non-transferable finder warrants up to 7.0% of units sold.
    • Finder Warrant Terms: Exercise price of $0.55, exercisable for 12 months.
  • Use of Proceeds:
    • Advancement of the Aden Dome asset (Alberta-Montana border).
    • General exploration of the gold project in Chibougamau.
    • General corporate purposes.
  • Regulatory Status: Subject to TSX Venture Exchange and other regulatory approvals.
  • Expected Closing: On or around January 21, 2026.

Notable Quotes

  • No direct quotes from management were included in the provided text.
Read the original news release →

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