RevoluGROUP Canada Inc. announced a private placement subscription offer to issue 140,000,000 common shares at an issue of CAD 0.05 per share for the gross proceeds of CAD 7,000,000 on June 18, 2024. The transaction will include participation from new investor Meridian Holdings, Inc. whose director is Erik Aaron Lara Riveros. The company also said subscription must be accompanied by an issuance of warrants for the same number of shares at a value of CAD 0.15 exercisable in 12 months.

The Company is pleased to announce the approval with immediate effect of the new Board of Directors, subject to the TSX Venture acceptance.