04:29:55 EDT Thu 03 Jul 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Revolve Renewable Power Corp
Symbol REVV
Shares Issued 63,036,116
Close 2025-06-11 C$ 0.27
Market Cap C$ 17,019,751
Recent Sedar Documents

Revolve Renewable arranges $1.2M private placement

2025-06-11 20:21 ET - News Release

Mr. Myke Clark reports

REVOLVE ANNOUNCES NON-BROKERED LIFE OFFERING OF UNITS

Revolve Renewable Power Corp. intends to complete a private placement of units of the company at a price of 25 cents per unit for maximum gross proceeds of $1.2-million. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share for a period of 24 months following the closing date of the offering at an exercise price of 40 cents.

The units to be issued under the offering will be offered to purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions in all the provinces of Canada. The company may also offer the units for sale in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended, and in those other jurisdictions outside of Canada and the United States provided it is understood that no prospectus filing or comparable obligation arises in such other jurisdiction. The securities offered under the listed issuer financing exemption will not be subject to resale restrictions in accordance with applicable Canadian securities laws.

The net proceeds of the offering are expected to be used for the following: (i) development of renewable energy projects in the United States, Canada and Mexico; (ii) distributed generation costs in Mexico for projects under development and (iii) general working capital requirements.

There is an offering document relating to the offering that can be accessed under the company's profile at SEDAR+ and on the company's website in English and French. Prospective investors should read this offering document before making an investment decision.

The offering is scheduled to close on or about June 30, 2025, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange. The offering may be closed in multiple tranches.

In connection with the offering, the company may pay finders' fees of up to 6.0 per cent of the gross proceeds raised by the company from the sale of units to subscribers directly introduced to the company by eligible finders. In addition, the company may issue to eligible finders' non-transferable finders' warrants of up to 6.0 per cent of the number of the units sold to subscribers directly introduced to the company by such eligible finders. Each finder's warrant will entitle the holder to acquire one common share of the company at a price of 25 cents per common share for a period of 12 months from the date of issuance.

About Revolve Renewable Power Corp.

Revolve was formed in 2012 to capitalize on the growing global demand for renewable power. Revolve develops utility-scale wind, solar, hydro and battery storage projects in the U.S., Canada and Mexico. Revolve also installs and operates sub 20-megawatt (MW) behind the meter distributed generation (or DG) assets. Revolve's portfolio includes the following:

  • Operating assets: 12 MW (net) of operating assets under long-term power purchase agreements across Canada and Mexico covering wind, solar, battery storage and hydro generation;
  • Development: a diverse portfolio of utility scale development projects across the U.S., Canada and Mexico with a combined capacity of over 3,000 MW as well as a 140-plus MW distributed generation portfolio that is under development.

Revolve has an accomplished management team with a demonstrated record of taking projects from greenfield through to ready-to-build status and successfully concluding project sales to large operators of utility-scale renewable energy projects. To date, Revolve has developed and sold over 1,550 MW of projects.

Going forward, Revolve is targeting 5,000 MW of utility-scale projects under development in the U.S., Canada and Mexico, and in parallel is rapidly growing its portfolio of revenue-generating DG assets.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.