REV Exploration Sells Quebec Mining Claims for $1.24M in Shares, Prioritizes Helium & Hydrogen
Summary
REV Exploration Corp. has completed the sale of its Quebec mining claims to Major Gold Corp. for $1.24 million in Major Gold shares. This strategic move allows REV to concentrate its capital and efforts on its core Helium and Natural Hydrogen projects. The company will retain a meaningful equity interest in Major Gold. This follows the recent $4 million private placement from Eric Sprott, further shaping REV's strategic direction.
At the time of this announcement, REVFF was trading at $0.80 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $44.3M. The 52-week trading range was $0.01 to $400.00. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.