On August 6, 2020, Revival Gold Inc. closed a public offering of 13,685,000 units at a price of $1.10 per unit for aggregate gross proceeds of approximately $15 million, which includes the exercise of the underwriter’s over-allotment option in full.
Each unit consists of one common share and one-half of one common share purchase warrant of Revival Gold. Each warrant entitles the holder thereof to purchase one common share at a price of $1.60 per common share for a period of 18 months following the closing date.
The offering was conducted by BMO Capital Markets, as sole underwriter.
Cassels acted for BMO Capital Markets with a deal team that included Chad Accursi, Kyle Simpson, Randall Blom and Tiffany Chiu (Securities and Mining) and Chris Norton (Tax).