NOT FOR DISTRIBUION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, March 13, 2019 (GLOBE NEWSWIRE) -- Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF)
(“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces amended terms to the
brokered private placement disclosed in a press release dated February 12, 2019.
Paradigm Capital Inc. and Medalist Capital Ltd. will act as co-lead agents on behalf of a syndicate of agents
including PI Financial Corp. and Beacon Securities Limited to complete a brokered private placement of 7,000,000 units (each a
“Unit”) at a price of C$0.72 per Unit for gross proceeds of C$5 million (the “Amended Private Placement”). Each Unit will consist
of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant a
“Warrant”). Each Warrant will entitle the holder to acquire one Common Share for C$0.90 for a period of 3 years following the close
of the offering.
The Amended Private Placement is expected to close on March 28, 2019 and is subject to regulatory approval. All
securities issued pursuant to the Amended Private Placement will have a hold period of four months and one day.
The Company intends to use the net proceeds from the Amended Private Placement to fund on-going exploration and
development at the Company’s core Beartrack and Arnett Gold projects and for general corporate purposes.
The securities have not been, and will not be, registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”), or any U.S. state security laws, and may not be offered or sold in the United States without
registration under the U.S. Securities Act and all applicable state securities laws or compliance with requirements of an
applicable exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy
securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Revival Gold Inc.
Revival Gold Inc. is a growth-focused gold exploration and development company. The Company has the right to
acquire a 100% interest in Meridian Beartrack Co., owner of the former producing Beartrack Gold Project located in Lemhi County,
Idaho. Revival Gold also owns rights to a 100% interest in the neighbouring Arnett Gold Project.
In addition to its interests in Beartrack and Arnett, the Company is pursuing other gold exploration and
development opportunities and holds a 51% interest in the Diamond Mountain Phosphate Project located in Uintah County, Utah.
Revival Gold has approximately 42 million shares outstanding. Additional disclosure of the Company’s financial
statements, technical reports, material change reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.
For further information, please visit www.revival-gold.com or contact:
Adam Rochacewich, VP and Chief Financial Officer
Andrea Totino, Investor Relations Manager
Telephone: (416) 366-4100
Email: info@revival-gold.com
Cautionary Statement
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This News Release includes certain "forward-looking statements" which are not comprised of historical facts.
Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals,
including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”,
or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature
they involve inherent risks and uncertainties. Although these statements are based on information currently available to the
Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other
factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news
release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, completion of the Private
Placement, use of proceeds of the offering, receipt of all regulatory approvals and estimates of market conditions. Factors that
could cause actual results to differ materially from such forward-looking information include, but are not limited to the inability
to complete the Private Placement on the terms as announced or at all, failure to identify mineral resources, failure to convert
estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the
preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or
other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future,
changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of
projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral
exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the
Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no
assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or
obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise,
other than as required by law.
