Rev Exploration arranges $5.5-million in financings

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.