News-Magazin

Revival Gold Shareholders Approve Stock Option Plan

Revival Gold Inc., a growth-focused gold exploration and development company, announces that shareholders have approved the Company’s amended 10% rolling stock option plan at its Annual General and Special Meeting of Shareholders held on November 22nd, 2022, in Toronto.

Toronto, ON – November 23rd, 2022 – Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) (“Revival Gold” or the “Company” ”- https://www.commodity-tv.com/ondemand/companies/profil/revival-gold-inc/), a growth-focused gold exploration and development company, announces that shareholders have approved the Company’s amended 10% rolling stock option plan (the “Plan”) at its Annual General and Special Meeting of Shareholders held on November 22nd, 2022, in Toronto (the “Meeting”). 

The Plan

The maximum number of common shares which may be issued under the Plan is 10% of the Company’s issued and outstanding share capital at the date of grant. The Plan has a ‟rolling” limit, as the number of shares reserved for issuance pursuant to the grant of stock options will automatically increase as the Company issued and outstanding share capital increases. The limit includes outstanding stock options previously granted. The Plan is subject to annual approval of shareholders and the TSX Venture Exchange (“TSXV”).

A copy of the Plan was appended to the Company’s information circular pertaining to the Meeting dated October 14, 2022 (the “Circular”) and is available under the Company’s profile on SEDAR.

As further discussed in the Circular, the principal amendments to the Plan ensure compliance with the revised Policy 4.4 of the TSXV and include: (i) defining grant limits to certain participants who are eligible to receive grants of stock options under the Plan; (ii) amending the exercise provisions to permit Cashless Exercise (as defined in the Plan) by Plan participants; (iii) amending the exercise provisions to permit Net Exercise (as defined in the Plan) by Plan participants; (iv) amending the expiry provisions to provide that should the expiry date for an option fall within a Black-Out (as defined in the Plan), such expiry shall be automatically extended to that day which is the tenth business day after the end of the Black-Out”, and (v) requiring disinterested shareholder approval for any extension to the term of a stock option granted to an insider of the Company.

About Revival Gold Inc.

Revival Gold Inc. is a growth-focused gold exploration and development company. The Company is advancing the Beartrack-Arnett Gold Project located in Idaho, USA.

Beartrack-Arnett is the largest past-producing gold mine in Idaho.  Engineering work has been initiated on a Preliminary Feasibility Study (“PFS”) for the potential restart of heap leach operations. Meanwhile, exploration continues, focused on expanding the 2022 Indicated Mineral Resource of 65.0 million tonnes at 1.01 g/t gold containing 2.11 million ounces of gold and Inferred Mineral Resource of 46.2 million tonnes at 1.31 g/t gold containing 1.94 million ounces of gold (see Revival Gold NI-43-101 Technical Report by Wood plc dated July 13th, 2022, for further details).  The mineralized trend at Beartrack extends for over five kilometers and is open on strike and at depth. Mineralization at Arnett is open in all directions.

Revival Gold has approximately 86.9 million shares outstanding and a cash balance of C$3.4 million as of September 30th, 2022. All figures in this news release are in metric units and in $US unless stated otherwise. Additional disclosure including the Company’s financial statements, technical reports, news releases and other information can be obtained at www.revival-gold.com or on SEDAR at www.sedar.com.

For further information, please contact:

Hugh Agro, President & CEO or Melisa Armand, Manager, Investor Relations
Telephone: (416) 366-4100 or Email: info@revival-gold.com

In Europe:
Swiss Resource Capital AG
Jochen Staiger & Marc Ollinger
info@resource-capital.ch
www.resource-capital.ch

Cautionary Statement

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Back to list

Commodity-TV

The whole world of commodities in one App!

Watch Management & Expert Interviews, Site-Visit-Videos, News Shows and receive top and up to date Mining Information on your mobile device worldwide!

Download our unique App for free!

Commodity-TV

Werbung

Advertising

Hot News

View all
Gold Terra Starts Winter Drilling Program on Con Mine Option Property  to Expand Current Mineral Resources

News

Gold Terra Starts Winter Drilling Program on Con Mine Option Property to Expand Current Mineral Resources

Gold Terra Resource Corp. is pleased to announce the start of an 8,000-metre winter drilling program on the Con Mine Option Property in Yellowknife, NWT.

Canada Nickel Confirms Major Discovery at Reid, Provides Financing Update

News

Canada Nickel Confirms Major Discovery at Reid, Provides Financing Update

Canada Nickel Company Inc. today announced an exploration update for its Reid Property located within 16 km of the Crawford Nickel discovery which has now been successfully…

Labrador Uranium Announces Assay Results from the 2022 Exploration Program at the Central Mineral Belt Property in Labrador

News

Labrador Uranium Announces Assay Results from the 2022 Exploration Program at the Central Mineral Belt Property in Labrador

Labrador Uranium Inc. is pleased to announce assay results from the 2022 exploration program in the Central Mineral Belt Property in Central Labrador, Canada.

Skeena Announces Signing of Eskay Creek Process Charter

News

Skeena Announces Signing of Eskay Creek Process Charter

Skeena Resources Limited is pleased to announce the signing of the permitting Process Charter and other key milestones in the approval process for the Eskay Creek gold-silver…

Short News

View all

Aztec Plans Two Phase, CAD$1.2 Million Exploration Program at Cervantes Gold-Copper Project, Sonora, Mexico

Aztec Summarizes 2022 Drill Results from Cervantes Project, Sonora, Mexico

Non-renounceable Entitlement Offer – Extension of Closing Date

Revival Gold Intersects 1.12 g/t Gold Over 18 Meters and 0.81 g/t Gold Over 30.1 Meters in Near-Surface Oxides at Haidee

Werbung