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Gitennes Exploration ( (TSE:REVX) ) has shared an announcement.
REV Exploration Corp. has raised C$5.8 million through two non-brokered equity financings, issuing a total of 17 million common shares with no warrants, and bringing in prominent resource investor Eric Sprott as a new cornerstone shareholder with a 12.6% stake. The fresh capital strengthens REV’s balance sheet and share structure, and will be directed toward advancing its Aden Dome natural hydrogen project, further exploration on its Chibougamau gold properties, and general corporate purposes, while equity-based incentives were also granted to directors, officers and consultants to align management with shareholder interests.
More about Gitennes Exploration
REV Exploration Corp. is a Canadian mineral exploration company focused on natural hydrogen and gold projects. Its flagship asset is the drill‑ready Aden Dome Natural Hydrogen Project on the Alberta–Montana border, complemented by a portfolio of gold properties totaling just over 50,000 hectares in Quebec’s Chibougamau mining camp.
Average Trading Volume: 151,599
Technical Sentiment Signal: Buy
Current Market Cap: C$20.09M
See more insights into REVX stock on TipRanks’ Stock Analysis page.