04:55 PM EDT, 10/24/2025 (MT Newswires) -- Rivalry (RVLY.V), after trade Friday, said it has closed the third tranche of its private placement.

The company said it raised about C$1.5 million by issuing nearly 30 million units at C$0.05 each. Each warrant is exercisable into one SV share at a price of C$0.10 per warrant share until October 8, 2027.

Proceeds will be used for corporate development and general working capital. Rivalry may complete a final tranche of the placement by Nov. 15, the company added.

The company also said it completed its debt restructuring with its senior lender. Per the agreement, Rivalry settled about C$12.5 million of its debt by issuing about 250.5 million shares and warrants at the offering price.

The remaining C$8.48 million of debt was converted into a secured debenture that can be converted into shares at C$0.10 per share, with no interest payable until December 2026 and a maturity date of Nov. 14, 2028, according to the statement.