VANCOUVER, British Columbia, Dec. 30, 2025 (GLOBE NEWSWIRE) -- REV Exploration Corp. (“REV” or the “Company”) (TSXV: REVX OTC: REVFF) is pleased to announce that it has arranged a non-brokered hard-dollar private placement (the “Private Placement”) for gross proceeds of up to $3.0 million, through the issuance of up to 10,000,000 common shares at a price of $0.30 per share. Mr. Eric Sprott is the lead investor in the Private Placement, subscribing for $2,000,000, representing 6,666,666 common shares. All securities issued in connection with the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.
Additionally, REV announces a concurrent non-brokered private placement for gross proceeds of up to $2.5 million pursuant to the listed issuer financing exemption (the “LIFE Offering”), at a price of $0.40 per share. No warrants are being issued in connection with either financing. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions, the LIFE Offering is being made to purchasers resident in Canada, excluding Québec, pursuant to the listed issuer financing exemption under Part 5A thereof. The Company will issue up to a maximum of 6,250,000 shares if the LIFE Offering is fully sold, for a combined maximum gross proceeds of $5.5 million when aggregated with the fully spoken Private Placement, which involves new strategic investors.
Securities issued under the LIFE Offering will not be subject to a statutory hold period in accordance with applicable Canadian securities laws. An offering document related to the LIFE Offering will be filed under the Company’s profile on SEDAR+ and made available on the Company’s website. Prospective investors should read the offering document before making an investment decision. The Private Placement and the LIFE Offering are subject to the approval of the TSX Venture Exchange and other applicable regulatory approvals and are expected to close on or around January 21, 2026.
In connection with the Private Placement and the LIFE Offering, the Company may pay finders' fees of up to 7.0% of the gross proceeds raised by the Company from the sale of units to subscribers directly introduced to the company by eligible finders. In addition, the Company may issue to eligible finders non-transferable finders' warrants of up to 7.0% of the number of units sold. Each finder's warrant issued in connection with the offering and the concurrent placement will entitle the holder to purchase one share at an exercise price of $0.55 for a period of 12 months from the date of issuance.
Proceeds of the Private Placement and the LIFE Offering will be used to advance the Company’s flagship Aden Dome asset along the Alberta-Montana border, for general exploration purposes including advancement of the Company’s gold project in Chibougamau, and for general corporate purposes.
About REV Exploration Corp.
REV is a mineral exploration company that owns a suite of gold and battery metal properties in Quebec highlighted by JMW and Maxwell in the Chapais-Chibougamau area, while the Company also has strong exposure to the Natural Hydrogen sector in Alberta and Saskatchewan. REV has acquired 100% of a series of PNG leases along the Alberta-Montana border, including the drill-ready Aden Dome, while it also has a significant equity position in MAX Power Mining Corp. which owns Canada’s largest permitted land package for Natural Hydrogen in Saskatchewan.
For further information on the Company, readers are referred to the Company’s website at www.REVexploration.com and its Canadian regulatory filings on SEDAR+ at www.sedarplus.ca.
REV Exploration Corp.
Suite 410 –325 Howe Street,
B.C. V6C 1Z7
Tel: 604-682-7970
info@revexploration.com
REVexploration.com
Jordan Potts CEO, Director
For further information, please contact:
Chad Levesque
Investor Relations
1-306-981-4753
info@revexploration.com
Cautionary Statement on Forward-Looking Information
This news release contains certain “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities legislation (collectively, “forward-looking information”). Forward-looking information includes, but is not limited to, statements regarding the anticipated closing of the Private Placement and the LIFE Offering, the timing thereof, the receipt of required regulatory approvals, the expected use of proceeds, the advancement of the Company’s mineral properties, including the Aden Dome asset and the Company’s gold projects in Québec, and the Company’s future business plans and exploration activities.
Forward-looking information is generally identified by words such as “expects,” “plans,” “anticipates,” “intends,” “believes,” “estimates,” “potential,” “target,” “strategy,” “budget,” “scheduled,” “may,” “will,” “should,” or similar expressions. Such forward-looking information is based on management’s reasonable assumptions, estimates, expectations, and opinions as of the date of this news release, including assumptions regarding market conditions, the availability of financing on acceptable terms, the Company’s ability to obtain necessary approvals, the continued cooperation of joint venture partners and stakeholders, and the Company’s ability to execute its stated exploration and development plans.
Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: risks related to the completion of the Private Placement and the LIFE Offering, including the risk that one or both financings may not close as currently contemplated or at all; regulatory approval risks; fluctuations in commodity prices and financial markets; risks inherent in mineral exploration and early-stage development, including operational risks, cost overruns, equipment failures, permitting delays, and accidents; the absence of defined mineral resources or reserves on the Company’s properties under National Instrument 43-101; environmental, permitting, title, and community-related risks; changes in laws or regulations; reliance on key personnel; and general economic, political, and market conditions.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated.
Readers are cautioned not to place undue reliance on forward-looking information. Forward-looking information speaks only as of the date of this news release, and the Company does not undertake any obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or approved the contents of this news release and accepts no responsibility for the adequacy or accuracy of this release.
