RevoluGROUP Canada Inc. announces the welcome of an Interim CEO, Interim Chairman and two New Directors, and the resignation of the current members of the board of directors - Seite 2

The Company confirms the commitment of up to CAD $7 Million Private Placement from Meridien Holdings LLC by RevoluGROUP new Board of Directors

RevoluGROUP Canada Inc. confirms the commitment of up to CAD $7 Million in a non-brokered private placement with Meridien Holdings LLC, as previously announced on July 29, 2024. The newly appointed board of directors will promptly formalize this Private Placement to provide RevoluGROUP with the necessary financial resources for maintaining good standing and initiating commercial activities.

Changes to the Memorandum of Understanding

As per the news release dated July 26, 2024, the original MoU steps have been replaced. Meridien Holdings will now focus solely on the direct private placement. The previously outlined “Step 1” and “Step 2” processes, including the acquisition of warrants and shares, are no longer being pursued. This streamlined approach ensures a direct capital infusion to strengthen RevoluGROUP's financial stability and operational capacity, reinforcing the partnership’s commitment to the company’s growth.

RevoluGROUP Canada, Inc.
Board of Directors

For further information, contact:
RevoluGROUP Canada Inc.
Telephone: [phone]
Email: [e-mail]

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.