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Gitennes Exploration ( (TSE:REVX) ) has issued an announcement.
REV Exploration Corp., a company listed on the TSX Venture Exchange, has announced a non-brokered private placement to raise up to C$1.2 million through the issuance of common shares and units. The offering includes a LIFE Offering and a Concurrent Placement, with proceeds intended for exploration, working capital, and general corporate purposes. The securities issued in the LIFE Offering will not be subject to a hold period, while those in the Concurrent Placement will have a statutory hold period. The company may pay finders’ fees and issue finders’ warrants, which are subject to an accelerated expiry clause. Insiders are expected to participate, making it a related party transaction under relevant regulations.
More about Gitennes Exploration
Average Trading Volume: 49,782
Technical Sentiment Signal: Sell
Current Market Cap: C$7.36M
For a thorough assessment of REVX stock, go to TipRanks’ Stock Analysis page.