Part of the Stock Digest group of websites: Visit Tech Stock Digest  

Cashed up Revival enters Orion deal

The next drilling programme at Beartrack is now fully funded

Revival said it had formed a strategic relationship with Orion, which invested C$2.5 million and took a 14.6% stake in the company on a partially diluted basis in the recently-completed C$9 million private placement.

Under the relationship deal through to the end of 2019, the pair will enter good faith negotiations regarding any of Revival’s future funding requirements equal to or greater than US$25 million.

Any Orion acquisition or development financing could consist of a mix of debt, equity or metal streaming.

Revival president and CEO Hugh Agro said the high quality group of incoming new institutional shareholders and the relationship with Orion built on the company’s strong foundation for future growth.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

MARKET SUMMARY

INDICES

Name Last Change
DOW 24083.80 0.25%
S&P 500 2639.40 0.18%
NASDAQ 7003.74 0.05%
TSX 15509.75 0.21%
TSX-V 783.79 0.00%

Resource Commodities

Name Last Change
Gold 1323.16 0.02%
Silver 16.56 0.00
Copper 3.14 0.97%
Platinum 917.50 1.20%
Oil 67.70 1.39%
Natural Gas 2.78 1.47%
Uranium 24.25 N/A
Zinc 1.47 0.00%

@RSDigest ON TWITTER

Part of the Stock Digest family of websites
Small Cap Stock Digest