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Gitennes Exploration ( (TSE:REVX) ) just unveiled an update.
REV Exploration Corp. announced its acquisition of a 100% interest in certain mineral claims in Ontario and Quebec through a mineral property purchase agreement. The transaction involves issuing 500,000 common shares to the vendor, subject to a statutory hold period, and includes a 1.5% net smelter returns royalty. Additionally, REV granted 600,000 incentive stock options and 150,000 restricted share units to directors and consultants, with the options exercisable at C$0.40 per share for five years. This acquisition and the granting of options and RSUs are strategic moves to strengthen REV’s position in the mineral exploration industry.
More about Gitennes Exploration
REV Exploration Corp. is a mineral exploration company focused on gold and battery metal properties in Quebec, with notable projects in the Chapais-Chibougamau area. The company also has interests in the Natural Hydrogen sector in Alberta and Saskatchewan, including a significant equity position in MAX Power Mining Corp., which holds Canada’s largest permitted land package for Natural Hydrogen.
Average Trading Volume: 126,720
Technical Sentiment Signal: Buy
Current Market Cap: C$13.73M
For an in-depth examination of REVX stock, go to TipRanks’ Overview page.