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Contract Type
agreement
TorontoMiningDescription
Revival Gold has entered into a non-brokered agreement with Dundee Corporation, through its subsidiary Dundee Resources Limited, wherein Dundee has agreed to purchase 10,000,000 units of the Company at a price of CAD$0.32 per Unit, for gross proceeds of CAD$3,200,000. The proceeds will be used to advance Revival Gold's ongoing project development activities and for general working capital and corporate purposes. Additionally, Revival Gold has granted Dundee a first right of refusal for future equity financings and the two companies have agreed to undertake metallurgical studies utilizing technologies developed by Dundee’s subsidiary.