08:30 AM EDT, 07/16/2025 (MT Newswires) -- Revival Gold ( RVLGF ) said Tuesday that it upsized its previously announced financing to $29 million from $27 million.

The company increased its private placement to $13.7 million from $11.6 million through the issuance of up to 28.5 million at $0.48 apiece. The amount of a previously announced strategic placement with EMR Capital Management remained $15.4 million.

Revival Gold ( RVLGF ) increased the size of the private placement to accommodate Dundee, which is excercising its right to maintain the relative size of its stake. On closing, the pro-forma interest of EMR and Dundee in Revival Gold ( RVLGF ) on a non-diluted basis is expected to be 11.8% and 5.3%, respectively.

Revival's share price fell 5.3% on Tuesday to $0.54 on the TSXV.