Revelo Resources Corp.
Revelo Resources Corp.
- ISIN: CA7613661031
- Land: .
Nachricht vom 21.05.2020 | 14:30
Revelo Sets the Stage for Its Next Phase of Exploration and Growth
DGAP-News: Revelo Resources Corp.
/ Key word(s): Miscellaneous
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2020) - Revelo Resources Corp. (TSXV: RVL) ("Revelo" or the "Company") reports it has concluded a series of key milestones that set the stage for the company's next phase of development. These actions included capital restructuring, repayment of third-party debt, conversion of management debt and completion of beneficial transactions (as indicated in the company's news release of February 6, 2020). As a result, Revelo approaches 2020/2021 with an improved capital structure and balance sheet, a streamlined and exceptional portfolio of gold and copper exploration assets in Chile and a firm commitment to execute our strategy to fulfill the company's vision.
SUMMARY OF REVELO'S ACHIEVEMENTS IN 2020:*
* See news releases dated January 20, February 6, March 20, March 26, April 21, April 27, May 6, and May 19, 2020.
LOOKING AHEAD: 18 MONTHS
These achievements leave the company in a much stronger position to carry out its strategy and plans for the next 18 months.
Revelo will continue to evaluate all options to successfully explore its portfolio. Exploration work will be done efficiently, either by Revelo (in our gold portfolio) or with our partners (in our copper portfolio). We will exercise considerable influence on the technical programs to ensure our exploration concepts are tested successfully. Despite having negotiated eight joint ventures and having about $20 million spent by third parties over the last six years, many of our projects either remain untested or have specific targets that remain untested.
With 38.6 million shares outstanding and a current market capitalization of about $4.0 million, the Company and its shareholders have significant leverage to exploration success within Revelo's portfolio. Our plans for the next 18 months include:
REVELO'S ASSETS AS OF MAY 2020:
Gold-Silver Portfolio - Shareholders will have direct interest in Revelo's gold-silver portfolio that comprises four projects totalling 38,500 hectares, with the key projects being Victoria Sur and the Las Pampas / Loro district:
Copper Portfolio - Shareholders will additionally have significant leverage to copper through joint ventures on its three wholly-owned projects totalling more than 30,000 hectares, together with equity spin-outs that encompass a further 65,000 hectares of prospective ground:
Demetrius Pohl, PhD., Certified Professional Geoscientist (CPG), an independent geological consultant to Revelo, is the Company's Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosures for Mineral Projects of the Canadian Securities Administrators and has verified the data disclosed and approved the written disclosure of the technical information contained in this news release.
Revelo is a Canadian company listed on the TSX Venture Exchange (TSX-V: RVL). Revelo has interests in an outstanding portfolio of projects prospective for gold and copper located along proven mineral belts in Chile, one of the world's top mining jurisdictions. The Company's vision is to reward shareholders with wealth-generating mineral discoveries along Chile's prime mineral belts, through leveraged and more efficient capital deployment, exploration, discovery and monetization. For more information, please visit Revelo's website here www.reveloresources.com.
The reader is cautioned that when reference to an historic or an existing mining district is made in the above descriptions, this is to help place the properties into geologic context and is for reference purposes only. There is no evidence to date that similar mineral resources occur on Revelo's properties.
ON BEHALF OF THE BOARD
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that Revelo expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "indicate" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Revelo 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 may differ materially from those in forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/56272
Click on, or paste the following link into your web browser,to view the associated documents http://www.newsfilecorp.com/release/56272
News Source: Newsfile
|Company:||Revelo Resources Corp.|
|EQS News ID:||1053053|
|End of News||DGAP News Service|
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