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.
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