Subject: RevoluGROUP | news release
PDF Document
File: Attachment Revo - Sept 9 2024 - Announce $2.5 M PP2.pdf
997 Seymour Street Suite 230 - Unit 9, Vancouver, BC, Canada, V6B 3M1
www.RevoluGROUP.com
TSX Venture Exchange Symbol: REVO Telephone: (604) 800 9676
Email: info@RevoluGROUP.com
NEWS RELEASE
September 9th, 2024
RevoluGROUP Announces $2.5M CAD Private Placement Investment and Secures USD
$500,000 USD Loan
Vancouver, BC RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2),
(Munich: A2PU92) (the "Company") is pleased to announce a private placement offering of up to
50,000,000 units (each a "Unit") for $0.05 per Unit, for gross proceeds of up to CAD$2.5M. Each Unit consists
of one common share and one common share purchase warrant, with each warrant entitling the holder to
acquire an additional share for $0.15 for two (2) years from the closing date. The private placement may
close in tranches led by Meridien Holdings LLC, including participation from insiders and existing shareholders.
The proceeds of the financing will be used for business expansion and general and administrative purposes.
RevoluGROUP Secures $500,000 USD Loan from Meridien Holdings
Additionally, RevoluGROUP has secured a USD$500,000 loan from Meridien Holdings LLC, effective
September 6, 2024. The loan has a maturity date of December 6, 2024, and bears an interest rate of 6.00%
per annum. Interest payments will be made monthly, with the principal and any remaining interest due on
the maturity date. This loan further strengthens the Company's financial flexibility as it continues to execute
its growth strategy.
This new investment, along with the secured loan, reinforces RevoluGROUP's financial position and
demonstrates the Company's commitment to executing its growth plans. RevoluGROUP also remains
committed to the August 14th, 2024, announced investment of up to $7M through structured tranches over
the next 12 months.
Erik Lara Riveros, CEO of Meridien Holdings and Interim CEO of RevoluGROUP Canada Inc.,
stated, "We are thrilled to further our partnership with RevoluGROUP through this strategic investment. This
$2.5M private placement, along with the additional loan support, begins our broader commitment to support
the Company's vision. This additional capital will drive operational excellence and set the foundation for long-
term growth. Our structured $7M investment will continue to provide RevoluGROUP with the necessary
financial flexibility to expand its global footprint and enhance its payment capabilities. We are excited about
the future and look forward to achieving new milestones together."
Previous Private Placement Details
The private placement announced initially on July 26th, 2023, has expired. Additionally, the acquisition of
the 22,635,530 warrants and 11,317,765 shares will no longer take place.
For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at
www.RevoluGROUP.com.
RevoluGROUP Canada, Inc.
"Erik Aaran Lara Riveros"
______________________
Erik Aaran Lara Riveros
Interim CEO
For further information, contact:
RevoluGROUP Canada Inc.
Telephone: (604) 800 9676
Email: info@revolugroup.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED
IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this
release, other than statements of historical facts, that address events or developments that Management of the
Company expects, are forward-looking statements. Although Management believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from those in the forward-looking statements.
The Company undertakes no obligation to update these forward-looking statements if Management's beliefs, estimates
or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and development successes, continued availability of
capital and financing, and general economic, market or business conditions. Please see the public filings of the Company
at www.sedar.com for further information.
Word Document
File: '\\swfile\EmailIn\20240909 153923 Attachment Revo - Sept 9 2024 - Announce $2.5 M PP2.docx'
997 Seymour Street Suite 230 - Unit 9, Vancouver, BC, Canada, V6B 3M1
www.RevoluGROUP.com
TSX Venture Exchange Symbol: REVO
Email: info@RevoluGROUP.com
Telephone: (604) 800 9676
NEWS RELEASE
September 9th, 2024
RevoluGROUP Announces $2.5M CAD Private Placement Investment and Secures USD $500,000 USD Loan
Vancouver, BC - RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2), (Munich: A2PU92) (the "Company") is pleased to announce a private placement offering of up to 50,000,000 units (each a "Unit") for $0.05 per Unit, for gross proceeds of up to CAD$2.5M. Each Unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to acquire an additional share for $0.15 for two (2) years from the closing date. The private placement may close in tranches led by Meridien Holdings LLC, including participation from insiders and existing shareholders. The proceeds of the financing will be used for business expansion and general and administrative purposes.
RevoluGROUP Secures $500,000 USD Loan from Meridien Holdings
Additionally, RevoluGROUP has secured a USD$500,000 loan from Meridien Holdings LLC, effective September 6, 2024. The loan has a maturity date of December 6, 2024, and bears an interest rate of 6.00% per annum. Interest payments will be made monthly, with the principal and any remaining interest due on the maturity date. This loan further strengthens the Company's financial flexibility as it continues to execute its growth strategy.
This new investment, along with the secured loan, reinforces RevoluGROUP's financial position and demonstrates the Company's commitment to executing its growth plans. RevoluGROUP also remains committed to the August 14th, 2024, announced investment of up to $7M through structured tranches over the next 12 months.
Erik Lara Riveros, CEO of Meridien Holdings and Interim CEO of RevoluGROUP Canada Inc., stated, "We are thrilled to further our partnership with RevoluGROUP through this strategic investment. This $2.5M private placement, along with the additional loan support, begins our broader commitment to support the Company's vision. This additional capital will drive operational excellence and set the foundation for long-term growth. Our structured $7M investment will continue to provide RevoluGROUP with the necessary financial flexibility to expand its global footprint and enhance its payment capabilities. We are excited about the future and look forward to achieving new milestones together."
Previous Private Placement Details
The private placement announced initially on July 26th, 2023, has expired. Additionally, the acquisition of the 22,635,530 warrants and 11,317,765 shares will no longer take place.
For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com.
RevoluGROUP Canada, Inc.
"Erik Aaran Lara Riveros"
______________________
Erik Aaran Lara Riveros
Interim CEO
For further information, contact:
RevoluGROUP Canada Inc.
Telephone: (604) 800 9676
Email: info@revolugroup.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Management of the Company expects, are forward-looking statements. Although Management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if Management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
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