REV Exploration Acquires 107k Acres in Quebec

Taher Shehabi
Nov 14
2 min read

REV Exploration closed its purchase of 41 mining claims in the Chibougamau Camp in northern Quebec and additionally acquired 545 further claims under a new asset purchase agreement for C$700k, satisfied via 1mm shares at C$0.60/sh (18% discount to the previous close) and C$100k cash. The Vendors retain a 1% net smelter return royalty, of which 0.5% may be repurchased for C$750k. All issued shares are subject to a four-month hold, with no warrants or fees attached.

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